• ZK holds above the $0.04200–$0.05000 support, testing critical levels.
• Community sentiment shows 83% bullish support for upside potential.
• A breakout confirmation may trigger price targets up to $0.153.

ZKsync (ZK) remains in consolidation as the broader crypto market trades sideways. Over the past 24 hours, the token slipped by nearly 2.69%, while its weekly performance shows a decline of 3.38%.

At the time of writing, ZK is trading at $0.04878 with a 24-hour trading volume of $19.09 million, up 5.46%. The market cap stands at $392.17 million, reflecting a 2.81% drop.

The daily chart highlights a clear descending channel that has guided price action since late 2024. ZK continues to make lower highs and lower lows within this structure, signaling persistent pressure on the downside.

Currently, the token is trading just above the $0.04200–$0.05000 support range while testing the upper boundary of the channel. This positioning places ZK at a decisive point where momentum could shift soon.

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ZK Technical Levels Show Critical Setup

According to crypto analyst Jonathan Carter, repeated tests of the $0.04200 support underline the zone’s strength, with significant reactions seen in April and September 2025. This area continues to attract buyers, making it an anchor for potential rebounds.

Volume data further emphasizes the importance of the $0.04200–$0.06500 range, which serves as a liquidity cluster. Any sustained move above this zone could accelerate price movement due to lighter resistance levels overhead.

Momentum indicators also provide context. The Relative Strength Index hovers near 40, suggesting a neutral-to-oversold position. This leaves room for upside momentum if buying activity strengthens.

At the same time, price pressure against the descending resistance hints at compression, often a precursor to breakout activity. A decisive close above $0.050–$0.052 with increasing volume would likely confirm a bullish reversal.

If this scenario unfolds,  price targets reach as far as $0.065, $0.080, $0.105, and even $0.153. Each of these is matched to previous resistance zones and areas of consolidation that once defined ZK’s price movement. But risk is present as well in terms of false breakouts and volatility due to Bitcoin and Ethereum trends.

Community Sentiment Favors Upside

According to the data from CoinMarketCap, from 42,000 votes, a large majority of voters, 83%, are giving a bullish opinion. This is to depict that a majority of the community is bullish on the asset or market, hoping that prices will go up. The green up arrow and green bar optically support this optimistic opinion.

Conversely, 17% of voters express a bearish attitude that indicates a fall in prices is expected. This is indicated by a red downward-pointing arrow and a red part of the bar. Though this is a minority opinion, overall sentiment clearly indicates strong bullishness as an indication of community beliefs about upward action.

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