ZK Price Prediction: zkSync\'s Native Token Forms Ascending Symmetric Triangle, What\'s Next?

ZK, zkSync's native token, has formed an ascending symmetric triangle. According to a Twitter post by a self-proclaimed crypto analyst, Amin Azarmi, the zkSync price may move upward to $0.21 or $0.22 if it can maintain the level of $0.1880.

An ascending symmetric triangle is a technical chart pattern that typically forms during a trend, indicating a potential continuation or reversal. In this case, the zkSync price has formed an ascending symmetric triangle, suggesting a bullish continuation pattern.

If the pattern holds and ZK maintains the level of $0.1880, the zkSync price could move upward to $0.21 or $0.22, as noted by a crypto analyst. However, if it breaks below the lower trendline, it could indicate a bearish breakout, signaling a potential fall.

As the triangle forms, trading volume usually declines, and this is also evident with ZK. Its trading volume is $213,083,335 in the last 24 hours, showing an 8.30% decline from yesterday's volume.

ZK’s price action has been closely followed by traders and analysts, given its status as the native token of zkSync, a promising Layer 2 scaling solution for Ethereum. As zkSync gains traction and expands its ecosystem, traders anticipate that its token, ZK, will benefit from the growth and adoption of the protocol.

At the time of writing, the zkSync price is $0.1863, having lost the support at $0.1880. However, analysts remain bullish on the token, and TradingView's technical indicators largely suggest a 'strong buy' on the ZK4 price chart.

Binance's analysts predict an average price of $0.205 in 2025 and $0.2155 in 2026, while WalletInvestor's zkSync price prediction is even more optimistic, suggesting it could reach around $0.37 by the end of this year.

On the other hand, oscillators are indicating a "sell" at the moment. The Stochastic oscillator is currently at 84.6228. An asset is considered overbought when the %K value is above 80. While this doesn't necessarily mean that the asset will immediately begin to reverse, it does indicate that the zkSync price is relatively high compared to recent prices.

The %K value represents the current %K reading, and in this case, the latest closing price is 84.6228% of the way between the lowest and highest prices over the past 14 periods. A crossover of the %K line below the %D line in the overbought region may indicate a potential sell, while a crossover above the %D line in the oversold region may indicate a buy.

The above is the detailed content of ZK Price Prediction: zkSync\'s Native Token Forms Ascending Symmetric Triangle, What\'s Next?. For more information, please follow other related articles on the PHP Chinese website!