Technical analysis by CryptoNuclear about Symbol ZK: Buy recommendation (8/9/2025)

Summary The daily chart shows a clear long-term downtrend from the previous highs — the descending trendline (yellow) has been capping price action, forming a sequence of lower highs and lower lows. Currently, price is hovering around 0.0591 USDT, testing both the trendline resistance and a key horizontal resistance at ~0.06173 (red dashed). Since the low at ~0.0366 (June), the market has been slowly forming higher lows, suggesting potential accumulation, but the main downtrend structure is still intact until a confirmed breakout occurs. --- Pattern Overview Descending trendline (yellow) = downtrend structure remains valid until a daily close above it. Accumulation signs from the 0.0366 low → forming several higher lows. Key resistance: 0.06173 (decision zone). Next resistances (yellow dashed): 0.07999 → 0.11475 → 0.15566 → 0.22443 → 0.26273 → 0.27270. Key support: ~0.042 (intermediate) → structural low at 0.03660. --- Bullish Scenario (confirmation needed) 1. Breakout confirmation: A daily close above the descending trendline and above 0.0617 with stronger-than-average volume. 2. Post-breakout behavior: Potential retest of the broken trendline as support — a conservative entry point. 3. Upside targets: Target 1: 0.07999 (~+29% from 0.06173; ~+35% from current price 0.05907) Target 2: 0.11475 (~+86% from 0.06173) Extended targets: 0.15566 → 0.22443 → 0.26273 → 0.27270 4. Risk management: Initial stop-loss under retest zone or, for aggressive entries, just below breakout candle’s low. --- Bearish Scenario (rejection/failure) 1. Rejection at 0.0617 / trendline: If price fails to break and closes bearish with upper wicks, a pullback toward support is likely. 2. Support watch: ~0.042 (intermediate) → 0.03660 (structural low). Downside from 0.0617: ~−29% to 0.042, ~−38% to 0.0366. 3. Further risk: A daily close below 0.0366 could trigger continuation of the major downtrend. --- Key Levels (Quick View) Current: 0.05907 Breakout trigger: 0.06173 Targets: 0.07999, 0.11475, 0.15566, 0.22443, 0.26273, 0.27270 Supports: ~0.042 → 0.03660 #ZK #ZKUSDT #Crypto #Altcoin #TechnicalAnalysis #TA #Trendline #Breakout #PriceAction