ZKsync (ZK) is starting to break out of its long falling wedge on the 4-hour chart after an extended slide. With the price now at $0.03471, buyers are finally showing strength by pushing the price above the upper trendline. This move hints at fading selling pressure and opens the door to a possible trend shift […]ZKsync (ZK) is starting to break out of its long falling wedge on the 4-hour chart after an extended slide. With the price now at $0.03471, buyers are finally showing strength by pushing the price above the upper trendline. This move hints at fading selling pressure and opens the door to a possible trend shift […]

ZK Breaks Wedge Pattern, Eyes $0.05500 Target Amid zkSync Shift

2025/12/10 21:30
  • ZK is breaking out of a long 4-hour falling wedge near $0.03471.
  • Buyers are gaining momentum as the price moves above the upper trendline.
  • RSI and MACD show fading bearish pressure and early momentum recovery.
  • zkSync is preparing to retire its Lite rollup in 2026 for its broader ecosystem upgrades.

ZKsync (ZK) is starting to break out of its long falling wedge on the 4-hour chart after an extended slide. With the price now at $0.03471, buyers are finally showing strength by pushing the price above the upper trendline. This move hints at fading selling pressure and opens the door to a possible trend shift if the price stays above $0.03500.

The wedge has shaped the token’s behavior since early November, resulting in steady lower highs and controlled dips. Its latest rebound from the bottom of the structure suggests buyers are quietly building positions. Holding above the $0.03380–$0.03420 area would support this shift in sentiment, and a clean trendline retest could give bulls more confidence before aiming higher.

Source: @ZAYKCharts

If momentum keeps building, the token’s next targets become clearer. The first major obstacle is $0.04150, followed by $0.04700, which could test buyers’ strength. The larger target remains $0.05500, matching the full breakout projection. If the price stays steady above the breakout zone, the setup favors further upside, provided broader market conditions don’t turn negative.

Also Read: ZKsync Era’s $30 Million Revenue Spurs New Tokenomics Plan for Sustainable Growth

RSI And MACD Show Momentum Recovery

The RSI at 40.22 is still below the signal line at 41.80, indicating poor but improving momentum. While the RSI is still in the bearish range, it has leveled off after several months of falling, indicating that the sellers are losing momentum. It will require a concerted break above 45-50 to indicate improving bullish momentum.

Source: TradingView

The MACD lines at -0.00883 and -0.00852 remain below zero, keeping the market in a bearish zone. However, the reducing gap suggests that the bearish pressure is easing. The bars on the histogram have been weakening, suggesting that the bearish momentum is easing. There could be a bullish crossover if the buying pressure continues to increase.

zkSync Plans Lite Rollup Phaseout

zkSync has announced plans to phase out its original Lite rollup by 2026 as part of a wider strategic transition. This strategy belongs to a larger shift that the project is undergoing. The project aims to reduce complexity and concentrate on the development of scalable solutions.

The new project will concentrate on the ZK Stack and the zkEVM, and will also enhance the development of modular infrastructure and efficient zero-knowledge functionality. Even though Lite will be deprecated, the service will allow users access to the withdrawal facility throughout the period of deprecation.

Also Read: ZKsync (ZK) Gains 14% Weekly, Analysts See Path Toward $0.125 Level

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36