#ZK The current price of ZK coin, also known as ZKsync, is $0.06557, with a 1.19% increase in the last 24 hours ¹. Here's a detailed technical analysis:
Trend Analysis
ZKsync is experiencing a neutral trend, with potential support levels at $0.06472 and resistance levels at $0.06737.
Technical Indicators
- *Moving Averages*: Indicating a strong sell signal, with multiple indicators trending towards sell.
- *Oscillators*: Neutral, indicating a stable market condition.
Support and Resistance Levels
- *Support Levels*: $0.06472, $0.06056 (all-time low) ¹.
- *Resistance Levels*: $0.06737, $0.3285 (all-time high) ¹.
Trading Signals
- *Buy Signal*: Not available at the moment.
- *Sell Signal*: The moving averages indicate a strong sell signal.
Trading Ideas
- *Short Position*: Consider taking a short position if ZKsync breaks below the support level, with potential targets at $0.05 and $0.04.
- *Long Position*: Not recommended at the moment due to the neutral trend.
Please note that technical analysis is subjective and should be used in conjunction with other forms of analysis and risk management techniques.
$ZK