ZKC -4003.83% in 1 Year Amid Technical and Sentiment Deterioration

ZKC dropped by 14.18% within 24 hours to reach $0.5634, ZKC dropped by 3405.13% within 7 days, dropped by 4003.83% within 1 month, and dropped by 4003.83% within 1 year.

The sharp decline has triggered increased scrutiny of ZKC’s technical outlook and broader market sentiment. Over the past several weeks, ZKC has consistently failed to reclaim key resistance levels, leading to a deepening bearish trend. The token’s price has moved well below its 50-day and 200-day moving averages, indicating a prolonged period of underperformance. Traders and analysts have noted that ZKC has not shown signs of stabilizing, with bearish momentum indicators like RSI and MACD remaining in negative territory.

The price action has also been marked by a lack of support from short-term buyers. Despite occasional bounce-back attempts, ZKC has been unable to maintain gains above critical psychological levels. This has led to a continuous erosion of investor confidence and a broader sense of risk aversion in the market. Institutional trading activity has remained subdued, further contributing to the lack of meaningful price direction.

Backtest Hypothesis

A proposed backtesting strategy for ZKC is based on the token’s recent technical profile, using a combination of moving averages and volume indicators to generate trade signals. The strategy assumes a long-biased approach only when ZKC crosses above its 200-day moving average with increased volume, while short positions are triggered when the price falls below key support levels confirmed by RSI divergence. The aim is to capture directional moves amid the prevailing downtrend by leveraging both trend-following and mean-reversion signals. The strategy incorporates risk management parameters, including stop-loss levels set at 7% and a maximum position size of 5% of portfolio value.