ZK Breaks Key 6-Month Resistance on 13.28% Rally and 500M Volume Surge

ZK has broken through a key six-month resistance level for the first time since February 2025, signaling a potential shift in market sentiment. The token closed above the descending resistance line on August 13, following a prolonged downtrend that had persisted since early 2025. The breakout came after a steady rally from the $0.050 support zone in late July, with the price ultimately surging 13.28% on the 4-hour chart to close at $0.07003 [1].

The breakout was confirmed by a significant spike in trading volume. On August 13, daily trading volume reached 500M, the highest level in over a month. The 4-hour breakout candle alone saw volume soar to 118M, far surpassing the 10M–40M range observed during previous consolidation phases [1]. This surge in volume suggests strong accumulation and buying pressure, reinforcing the validity of the breakout.

Analysts are now setting price targets based on the current upward momentum. CryptoBullet identifies $0.105 and $0.150 as key resistance levels, both of which had previously acted as consolidation zones in 2025 [1]. Meanwhile, Crypto Patel projects a more ambitious target of $0.26169, representing a potential 333% increase from the current price [1]. To reach the upper end of these forecasts, the price will need to clear additional resistances at $0.11302 and $0.18782, while maintaining support above the $0.065 breakout level.

Technical indicators also align with the bullish scenario. On the 4-hour chart, the MACD shows strengthening bullish signals with widening lines and a growing histogram. The RSI, though indicating overbought conditions, reflects strong buying force [1]. These metrics suggest a well-confirmed breakout, with momentum intact across multiple timeframes.

The market is now closely watching whether ZK can sustain its upward trajectory and whether the recent price action marks the beginning of a new bullish cycle. With volume at record levels and analysts projecting multiple price targets, the focus will remain on key resistances and whether they can be cleared without reversal.

Source: [1] ZK Surges Through Major Resistance, Volume Hits 500M: Could it Surge Higher (https://cryptofrontnews.com/zk-surges-through-major-resistancevolume-hits/)