ZK
Despite zkSync’s recent strong performance, with its price climbing more than 30% in the past few weeks, it still has room for a correction of about 37% from its glorious historical peak. Currently, the price of ZK currency is stable at around US$0.197, and the intraday increase has reached an eye-catching 3.7%, indicating that the market continues to be optimistic about it.
It is worth noting that the surge in trading activity has become another key force driving the price of zkSync. According to Coinmarketcap data, transaction volume surged by 35.98%. This significant increase not only reflects the increase in market demand, but also indicates investors' strong interest and confidence in the project.
As a high-profile layer 2 solution in the Ethereum ecosystem, zkSync relies on its innovative zero-knowledge (ZK) technology to improve the scalability of the Ethereum network while adhering to the core of freedom, autonomy and high decentralization. value. This unique positioning makes zkSync stand out in the cryptocurrency field and attracts a lot of attention and expectations.
Looking ahead, the market is generally optimistic that zkSync’s rally is expected to continue and is expected to challenge and break through its all-time high price of $0.30. Technical analysis also gave positive signals, with the price firmly above the 20-day exponential moving average (EMA) and the relative strength index (RSI) remaining at 58.4, showing the strong momentum of the market.
In addition, the bullish divergence pattern appearing on the K-line chart adds confidence to this rising expectation. To sum up, the future development prospects of zkSync are worth looking forward to.
