ZKC +135.26% in 24 Hours Amid Sharp Corrections

On SEP 23 2025, ZKC surged by 135.26% within 24 hours to reach $0.6757, reversing a broader negative trend that has seen the token fall by 1301.43% over the past 7 days, 2822.48% over the past month, and 2822.48% year-to-date. The dramatic 24-hour rise has sparked renewed attention in the market, though it remains embedded within a prolonged downtrend.

The recent price rebound appears to stem from a series of protocol-level updates aimed at optimizing the ZKC blockchain's scalability and throughput. A recent on-chain upgrade introduced a more efficient consensus mechanism, reducing transaction finality times and lowering gas costs. These improvements are expected to enhance network usability and attract developers and users back to the ecosystem. Additionally, a number of key partnerships were announced, including collaborations with several DeFi platforms and cross-chain bridges, which could facilitate broader integration and liquidity across different blockchain ecosystems.

Despite the short-term price surge, the underlying technical indicators suggest the market remains in bearish territory. The 200-day moving average has acted as a consistent resistance, and the token’s Relative Strength Index (RSI) has frequently tested oversold levels, failing to sustain momentum above the 30 threshold. This pattern indicates a lack of sustained buyer confidence, with most price recoveries being short-lived. Analysts project that unless ZKC can break above the $1.50 resistance level and maintain a bullish trend for several weeks, the long-term bearish outlook is unlikely to change.

Backtest Hypothesis
A backtesting strategy has been devised to evaluate the efficacy of a breakout-based trading approach for ZKC. The strategy hinges on two key technical indicators: the 20-period Exponential Moving Average (EMA) and the RSI. When the price closes above the EMA while the RSI remains below 30, a long position is triggered, assuming the signal represents a potential bottom in the downtrend. The exit criteria involve closing the position upon either hitting a 30% profit target or reaching a 20% stop-loss threshold. This approach aims to capitalize on the market’s tendency to overcorrect and then rebound from oversold conditions. Given the recent price action, this strategy may offer insights into whether the current upswing reflects a genuine recovery or a temporary bounce within a larger downtrend.