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ZKsync Breaks Major Trendline at $0.06574, Surges 98.1% Weekly with Support Holding at $0.02969

ZKsync Breaks Major Trendline at $0.06574, Surges 98.1% Weekly with Support Holding at $0.02969

CryptonewslandCryptonewsland2025/11/02 15:03
By:by Vee Peninah
  • ZKsync has broken a descending trendline that had existed over a long period of time and this indicates that it has entered a long term downtrend phase.
  • It was on a strong bullish volume such that the market had more participation over the last week.
  • In the short term, the price is trading around $0.06354, with a resistance of at least $0.06574 and support at $0.02969.

ZKsync (ZK/USDT) has witnessed a major technical movement following the violation of an extended downwards trendline on the daily chart. This week, the asset that was primarily in a downward trend since the beginning of the year, shot up, aided by a robust rise in the trading volume. ZKsync is currently trading at $0.063544, which is a 98.1% increase in the last seven days . The chart trend shows that momentum of the bulls has been picking up after several months of lateral consolidation.

Strong Breakout Above Long-Term Resistance

ZKsync’s breakout above the downward trendline marks the first clear technical shift since early 2025. The downtrend had limited price action for nearly ten months, consistently rejecting rallies. However, a strong move above the trendline this week has changed the short-term structure. The breakout occurred near the $0.06574 resistance level, which now acts as a critical zone to monitor for sustained momentum.

Increased bullish volume has accompanied this breakout, suggesting renewed market participation. The sharp rally also highlights a notable change in sentiment among traders. While earlier recoveries failed near the same resistance, the latest move appears to hold with higher buying activity. The price remains above the immediate support level of $0.02969, which may serve as a base in case of short-term retracements.

Momentum Strengthens as Volume Expands

The volatility has increased in the seven-day performance, indicating increased interest in ZKsync. The increase in volume experienced in the recent move points to the fact that the levels of participation are on the increase. This rise is found frequently on the reversal of a trend, especially when a market is taking a long accumulation.

The price movement is another technical shift indicating a larger shift that is observed on the daily timeframe. The sharp rise in volume is an indication that fresh demand has made its way to the market. In addition, the daily closes have been steadily increasing every day, which indicates that short-term momentum is in the hands of buyers.

Key Levels Define Short-Term Outlook

The $0.06574 resistance remains the upper boundary of the current move. A sustained close above this level could confirm that the trendline breakout is holding. Meanwhile, the $0.02969 support continues to anchor the market structure and provides a reference point for traders assessing risk levels.

For now, ZKsync maintains its position above the breakout point with steady price action . The ongoing increase in momentum and volume suggests that market participants are closely watching the asset’s ability to hold recent gains. Notably, this development positions ZKsync within a technically improved setup, reflecting the first substantial recovery in several months.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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