ZK had a turbulent trading week, with a potential dip to 0.065 USD indicated by liquidation signals. A significant rise of 15% on Wednesday was followed by a 12% retracement, revealing the short-term market dynamics at play.
The surge in ZKSync’s price from 0.066 USD to 0.076 USD was tied to Bitcoin’s rise, showcasing the interconnected nature of these assets. Additionally, rising prices of ZCash have positively influenced ZK’s performance in the privacy token segment.
The bullish structure indicates a potential for price rebounds after dips. Observing levels below 0.066 USD could present buying opportunities, although a further decline beneath 0.058 USD may signal established bearish trends.
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