$ZKP
$ZKP/USDT Update: Deep Dive into the Current Dip! 📉📈
Post Content:
Hello Traders! 👋
The market is showing some heavy pressure on $ZKP today, with a drop of over 7.65%. Let’s break down the chart to see what’s next for this infrastructure token.
🔍 Technical Breakdown:
Current Price: Trading around 0.1328. It is currently hugging the Lower Bollinger Band, which often suggests the sell-off is reaching an extreme point.
Relative Strength Index (RSI): Sitting between 38-40. We are approaching the "Oversold" territory, meaning the downward momentum might soon run out of steam.
Support & Resistance: * Immediate Support: 0.1304 (Recent Low). This is the "Must-Hold" level for bulls.
Resistance: Needs to break and close above 0.1351 (Mid-Band) to flip the trend back to bullish.
💡 The Verdict:
The trend is currently bearish, but we are near a potential "bounce zone." Avoid panic selling at these levels. If the 0.1304 support holds, we could see a quick recovery toward 0.1400. However, wait for a green candle confirmation before jumping into new long positions.
What’s your move? Are you buying this dip or waiting for lower levels? Let me know in the comments! 👇
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