Market Overview for ZKUSDT on 2025-08-25

• ZKUSDT fell 8.4% over 24 hours, with sharp bearish momentum and oversold RSI conditions at 28.
• Volatility expanded after a consolidation phase, with volume spiking near the 0.0720–0.0725 resistance area.
• A long lower shadow at 0.06764 suggests a short-term bounce, but key support at 0.0670 may cap further downside.
• Bollinger Bands widened, indicating increased uncertainty and a potential reversal or continuation.
• MACD crossed below zero with negative divergence, reinforcing bearish sentiment and a possible continuation lower.

zkSync (ZKUSDT) opened at 0.07031 on 2025-08-24 at 12:00 ET and closed at 0.06365 on 2025-08-25 at 12:00 ET, hitting a high of 0.0726 and a low of 0.06636. Total volume was 126,990,813.8 USDT, and notional turnover was approximately $8,218,040.

Structure & Formations

Price action over the past 24 hours reveals a sharp breakdown from the 0.0720–0.0725 resistance cluster, following a bullish consolidation phase. A bearish engulfing pattern formed at 0.07235, confirming a reversal from the intraday high. A long lower shadow appears at 0.06764, suggesting a failed bearish move and potential short-term support. A possible 61.8% Fibonacci retracement of the 0.06636–0.0726 swing is at 0.0685, which may become key resistance for a rebound.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs crossed bearishly below the price at the 0.0710–0.0700 levels. On the daily chart, ZKUSDT is trading below all major MAs (50, 100, 200), indicating a strong bearish bias. The price may test the 50-day MA at ~0.0670, where a bounce or rejection could signal a short-term correction or continuation lower.

MACD & RSI

The MACD line crossed below the signal line at 0.0710–0.0700, with bearish divergence forming after the initial sell-off. The histogram has been negative throughout the 24-hour period. RSI stands at 28, indicating oversold conditions, but without a corresponding increase in volume, the strength of the bounce remains questionable. A rebound to 0.0680–0.0685 may be limited without a MACD crossover above zero.

Bollinger Bands

Volatility expanded after a narrow consolidation phase, with the bands widening as price dropped to 0.06636. Price has remained near the lower band for most of the 24-hour window, suggesting bearish dominance. A reversal may be likely if price breaks back above the middle band, but with the upper band at ~0.0700, a sustained breakout seems unlikely without a volume surge.

Volume & Turnover

Volume spiked near the 0.0720–0.0725 resistance and again at 0.06764–0.0677, indicating key price points where selling or buying pressure emerged. Turnover increased during the sharp decline from 0.0726 to 0.06636, but failed to confirm a strong bounce back above 0.0680. A divergence between price and volume suggests weakening momentum, and further downside could occur if volume remains high.

Looking ahead, ZKUSDT may remain range-bound between 0.0670 and 0.0685 in the next 24 hours, with a risk of breaking below 0.0670 if bearish sentiment intensifies. Traders should monitor volume during the 0.0670–0.0675 zone for confirmation of a potential reversal or continuation.