Technical analysis by CryptoNuclear about Symbol ZK: Buy recommendation (11/2/2025)

The ZKUSDT (Daily) pair has reached a critical juncture that will decide its next major move. Since early 2025, price action has been trapped below a descending trendline, acting as a dominant wall of selling pressure. Every breakout attempt has been rejected, reaffirming bearish control. Now, the price is sitting right at the crossroads — between the descending trendline above and a key accumulation/support zone at 0.0465–0.040 (yellow block) below. This zone isn’t just another range — it’s the battleground that will determine whether ZKSync is preparing for a major reversal or about to continue its downtrend into new lows. --- Pattern & Structure: Formation of a Descending Triangle with a flat horizontal base (0.0465–0.040) and a falling trendline resistance. The structure shows persistent selling pressure, but every dip into the lower zone attracts strong buying reactions — a clear tug-of-war between bulls and bears. A recent liquidity grab (false breakout wick) signals stop-hunting activity, often a precursor to a major move. The market is coiling tightly — volatility compression suggests a large expansion phase is near. --- Bullish Scenario: “Reversal Confirmed” If ZK successfully closes and holds above the descending trendline with strong momentum and volume, it could mark the start of a new medium-term uptrend. Key confirmation: Daily close above 0.048–0.050 Successful retest of the trendline as new support Upside targets: 1. 0.058 — first resistance and structural pivot 2. 0.070 — confirmation of trend reversal 3. 0.082 → 0.132 — extended bullish targets if momentum continues Rationale: Breaking a descending triangle to the upside often triggers a short squeeze as traders exit bearish positions, accelerating price movement and initiating a shift in market structure. --- Bearish Scenario: “Final Breakdown” If ZK fails to hold its ground and closes daily below 0.040, the descending triangle pattern would confirm as a bearish continuation, signaling further downside. Key confirmation: Strong daily close below 0.040 Failed retest from below (support turned resistance) Downside targets: 1. 0.028 — previous local low 2. 0.023 — potential capitulation zone Rationale: Losing this base indicates buyers have fully lost control. Historically, such breakdowns lead to sharp selloffs as short-term holders exit rapidly, increasing momentum on the downside. --- Conclusion: > ZKSync is sitting at a make-or-break level — a zone that will define the next directional wave. Bullish case: breakout above trendline → targets 0.058–0.070. Bearish case: breakdown below 0.040 → targets 0.028–0.023. Expect a major volatility expansion once this compression phase resolves. --- Trading Strategy & Risk Notes: Wait for daily candle confirmation, not just wicks — avoid getting trapped in fakeouts. Conservative entry: after breakout + retest. Aggressive entry: near support with clear rejection confirmation. Stop-loss: below 0.040 (for longs) or above 0.0465 (for shorts). Maintain a risk/reward ratio of at least 1:2 and scale out profits at each target level. --- Key Technical Levels: Support zone: 0.0465 – 0.040 Trendline resistance: ~0.048–0.050 Upside levels: 0.058 → 0.070 → 0.082 → 0.132 Downside targets: 0.028 → 0.023 #ZKUSDT #ZKSync #CryptoAnalysis #DescendingTriangle #BreakoutTrading #SupportResistance #CryptoBreakout #ChartAnalysis #PriceAction #CryptoTrader #ReversalZone #BearishOrBullish