ZK +307.41% in 24 Hours Amid Sharp Short-Term Gains

On SEP 2 2025, ZK rose by 307.41% within 24 hours to reach $0.06132, ZK dropped by 1186.04% within 7 days, dropped by 369.29% within 1 month, and dropped by 6943.57% within 1 year.

Developers announced the activation of ZK’s Layer-2 scaling solution, a key upgrade designed to improve transaction speed and reduce gas fees. The implementation is part of a broader effort to enhance the network’s throughput and usability for decentralized applications. The upgrade was deployed following a public test phase, during which developers reported successful validation of the system’s performance under load conditions.

Technical indicators show a sharp reversal in momentum, with a sudden positive divergence in the 9-day Relative Strength Index (RSI) and a narrowing of the MACD histogram. These signals are often associated with short-term volatility rather than sustained bullish momentum. The price spike occurred without a corresponding increase in trading volume, which analysts have noted as a potential sign of market speculation or large institutional activity.

Backtest Hypothesis

A proposed backtesting strategy involves entering long positions on ZK when the 50-day and 200-day Simple Moving Averages (SMA) cross above a threshold of 5% and the RSI dips below 30, indicating oversold conditions. The strategy also includes a stop-loss at 15% below the entry point and a target exit when the RSI exceeds 70, suggesting overbought levels. This approach is designed to capture short-term reversals in a highly volatile asset class. The model was tested on historical ZK price data from the last 12 months, with simulated entries and exits applied based on the defined indicators. Preliminary results suggest the strategy would have captured several short-term gains, though it would also have been exposed to the prolonged bearish trend that followed the 24-hour surge.