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Important Level to Watch
$ZKC ZKCTUSDT.P
1) Current Trend
The price recently broke out of a significant downtrend line that had been in place since the highs on the 26th. Following this breakout, the price has consolidated above a key support level, indicating a short-term bullish reversal or a shift towards upward momentum.
Prediction
Based on the breakout from the downtrend line and the successful consolidation above the strong support zone, the price of ZKC is likely to continue its upward trajectory. We anticipate the price will rise towards the $0.1730 resistance level in the short term. A break below the $0.1270 support would invalidate this bullish outlook.
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