The current market conditions for ZK Coin (zkSync) are experiencing significant bearish pressure. Over the past few weeks, the price of ZK has fallen sharply by 23%, with the current price being around $0.11 to $0.15. In the short term, there is a possibility that the price could fall further to the $0.10 level if the selling pressure continues.
However, several technical indicators are showing potential for a recovery, especially if there is an increase in buying activity. If this happens, the price could return to the $0.25 level or even higher in the medium term, although this depends on the overall market sentiment changing #TipsTradingFutures .
With the current volatile market conditions and negative trend, it may be wise to wait for confirmation of a trend reversal before deciding to buy. If you already own ZK, considering selling some or holding until the situation is more stable could be a viable option.
