ZK/USDT – Technical Analysis
Trend: Price has broken above a long-term descending trendline, signaling a potential short-term trend reversal or at least a bullish correction.
Structure: Higher low formed near ~0.0210 followed by higher high around ~0.0227 → early bullish market structure.
Resistance Zone: Major supply around 0.0248–0.0253 (gray zone). This is the next upside target if momentum holds.
Support Levels:
Immediate: 0.0220–0.0222 (trendline retest area)
Below that: 0.0210 (recent swing low)
RSI (14): Around mid-60s, showing increasing bullish momentum but not yet overbought. A healthy zone for continuation.
Bias:
Bullish while price holds above 0.0220. A pullback and successful retest of the broken trendline could offer continuation toward 0.0245–0.0250. Rejection below 0.0210 would invalidate the bullish setup.
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