🚨ZKUSDT – Buy Signal 🚀
ZKUSDT is showing signs of a potential bounce after a solid 8.85% surge in the last 24 hours, moving from a low of 0.07400 USDT to a high of 0.08553 USDT, and currently sitting at 0.08165 USDT. Here’s why this could be a buying opportunity.
The price is holding above the Parabolic SAR (0.07478 USDT), which remains below the price, signaling that the uptrend is still intact. The MACD is also bullish: the histogram is at 0.00111, with the DIF (0.00272) above the DEA (0.00161), indicating positive momentum. The moving average (yellow dotted line, likely a 20-period) is sloping upward, and the price has been respecting it as support during this rally. Volume has spiked significantly during the upward move, with 24H volume at 652.60M ZK tokens (52.50M USDT), showing strong buying interest.
Key Levels to Watch:
Support: 0.07841 USDT (recent swing low)
Resistance: 0.08553 USDT (24H high)
If ZKUSDT holds above 0.07841 USDT, it could push toward 0.08553 USDT or higher. A break below the SAR at 0.07478 USDT would signal a potential reversal, so stay cautious.
Here’s the Play:
Buy Zone: 0.08165 USDT (current price)
Stop-Loss: 0.07841 USDT (below recent swing low, ~4% downside)
Target: 0.08553 USDT (24H high, ~4.8% upside)
Time Frame: Short-term (1-2 days)
Pro Tip: Keep an eye on volume trends. The recent spike in volume supports this rally, but if buying volume starts to fade, the momentum could stall. Also, watch for a MACD crossover—if the DIF keeps climbing above the DEA, it’ll confirm the bullish trend.
Risk Alert: Despite the short-term strength (+11.47% over 7 days), ZKUSDT is down -25.01% over 30 days and -52.53% over 90 days, reflecting a longer-term bearish trend. This is a counter-trend trade, so don’t overstay if the broader market turns against you!
#ZK #WhaleMovements #BinanceAlphaAlert #signals