Can ZKsync price rise to $1? Are ZK coins still valuable?

Can ZKsync price rise to 1 USD? Are ZK coins still valuable? ZKsync Price Analysis: ZK, a Layer-2 protocol that scales Ethereum, has seen a significant price increase over the past day. ZK price is recovering and showing signs of rising after recent volatility. The altcoin was hovering at $0.1626 during the European session on Friday, surging 3.24% in value, according to CoinMarketCap. With a current market capitalization of approximately $597 million, zkSync becomes the 108th largest cryptocurrency by market capitalization. Additionally, trading volume increased by 3.49% in the past 24 hours, indicating growing investor interest.

So how much will the price of ZKsync rise in the future? Does ZKsync coin still have investment value? Today, the editor of this site will share with you a detailed introduction to the future value and future price prediction of ZKsync. Friends who need it can take a look!

• Robinhood Crypto EU trading support could have a significant impact on zkSync’s valuation.

• The recent launch of the ZK token has injected new investor interest into the zkSync ecosystem.

• Technical indicators show stabilizing, but a bullish breakout is still possible.

ZKsync Price Analysis: Can ZK break above $0.17 soon?

In the past week, zkSync’s value has fluctuated between $0.18 and $0.15. This signals a continued bearish trend in the market, with prices down 9% in a week and 42% in a month.

Despite these declines, there has been an increase in bullish activity recently and there are signs that a rebound may lie ahead. Since its launch, zkSync prices have experienced significant fluctuations. ZK peaked at $0.3098 on July 17, and just the day before, it hit a low of $0.1501. With some positive market moves, ZK appears poised to rise.

Last week, zkSync made significant progress with the launch of its ZK token. The token was airdropped to early backers and listed on several exchanges including Binance, Bybit, Gate.io, and KuCoin.

Recently, CoinGape media reported that RobinhoodCrypto EU announced that it would open ZK trading, which aroused great interest from investors. Additionally, cryptocurrency exchange WEEX revealed that it will launch the second phase of its ZKsync Launchpool on June 30.

Participants can invest in WXT to gain a share of the 37,000 ZK token pool at this stage. This opportunity has attracted investors eager to participate in Zksync’s growing ecosystem.

zkSync indicator suggests a possible shift in market sentiment

Altcoin ZK is experiencing an uptrend, indicating a possible bullish phase. If this trend continues, a break above the $0.17 resistance may soon occur. A continued upward trajectory could push its valuation towards the $0.5 mark and could reach $1 in the upcoming bullish period.

On the other hand, changing market dynamics could see zkSync stabilize at $0.16 levels, which would act as new support. If the market turns bearish, its price could be around $0.15.

zkSync The cryptocurrency’s 4-hour technical indicator points to stable market sentiment. The Moving Average Convergence Divergence (MACD) is showing slight bearish momentum with the signal line crossing above the MACD line.

zkSync Price Forecast | Source: TradingView

The Relative Strength Index (RSI) is at 46, indicating a neutral position between oversold and overbought. Despite the slight decline, the market appears to be consolidating, with price action suggesting the market remains close to the trigger resistance. The Average Directional Index (ADX) value at the bottom of the chart is 51, which usually indicates a strong trend.

The above is the detailed content of Can ZKsync price rise to $1? Are ZK coins still valuable?. For more information, please follow other related articles on the PHP Chinese website!