- ZK price is testing lower four-hour channel support, showing a short-term bullish bounce as sellers lose momentum.
- Resistance at $0.0337 and supply zones near $0.07–$0.08 remain critical for trend reversal confirmation and sustained upside.
- Daily charts show a macro downtrend, with corrective rebounds forming higher lows within $0.028–$0.032 demand zones.
ZK price action has reached a decisive technical zone as traders monitor short-term breakout potential against a broader bearish structure. Recent chart activity places the asset at a critical balance between recovery attempts and prevailing downside pressure.
Short-Term Structure Signals a Potential Breakout Attempt
ZK price has been trading within a descending channel on the four-hour timeframe since the early November surge. This structure reflects sustained bearish control, marked by lower highs and consistent rejection at descending resistance.
According to a recent market update shared by Captain Faibik, price is now testing the lower boundary of this channel. Selling momentum appears to be slowing, while recent candles show a reaction bounce from support.
The analysis notes that a confirmed four-hour close above descending resistance could invalidate the bearish structure. Such a move could open the path toward the $0.055 to $0.057 zone, provided volume expands.
Key Support and Resistance Levels Remain in Focus
ZK price is currently holding above the $0.0281 support, a level defined by recent swing lows. This area has acted as a short-term demand zone during prior corrective phases.
Market observations suggest that a breakdown below this level and its strong selling, could extend losses toward $0.0212.Until then, this level remains a reference point for any potential bullish reactions.
On the upside, resistance near $0.0337 remains a key barrier. Failure to reclaim this zone could reinforce bearish pressure, limiting recovery attempts within the current structure.
Higher-Timeframe Trend Continues to Cap Upside
On the daily timeframe, ZK price maintains a clear macro downtrend that has persisted for several months. Distribution near the $0.10 to $0.11 range initiated a sequence of lower highs and lower lows.
Supply zones between $0.07 and $0.08 continue to act as dominant resistance. Previous rallies into this region were met with strong selling, reinforcing bearish market control.
While price is reacting from a demand zone between $0.028 and $0.032, rebounds remain corrective. As noted in the shared chart commentary, reclaiming $0.043 and $0.057 remains necessary for trend change.
