ZKC +70.62% in 24 Hours Amid Sharp Corrections

On OCT 5 2025, ZKC rose by 70.62% within 24 hours to reach $0.328, ZKC dropped by 2480.51% within 7 days, dropped by 2480.51% within 1 month, and dropped by 6509.15% within 1 year.

ZKC recently experienced a sharp intraday rebound following a prolonged downward trend. The token’s 70.62% surge within a single day marked a significant reversal from its broader multi-week decline, which had seen the asset lose over 2480% in the previous seven days. While the 24-hour move was the most dramatic in the recent history of ZKC, it is still a relatively small movement in the context of its 6509% drop over the past year. The bounce occurred amid heightened retail interest and a brief reversal in sentiment among market participants, though fundamental changes in the project or broader ecosystem were not immediately evident.

Technical indicators suggest the market may be testing support levels. The RSI (Relative Strength Index) crossed below 30 earlier in the week, signaling oversold conditions, while the price found a short-term floor near its 50-day moving average. Traders who had been sidelined by the previous week's selloff began to re-enter the market, with many buying on the dip. However, the volume accompanying the 24-hour rebound was relatively modest, indicating the rally may lack the broader institutional support typically needed for a sustained turnaround.

Backtest Hypothesis

A hypothetical backtesting strategy has been proposed to evaluate the potential effectiveness of a mean reversion approach based on the 50-day moving average. The strategy would involve entering a long position when the price closes below the 50-day MA and exits when the price closes above it. Given the recent 24-hour move where the price briefly crossed above the 50-day MA, this strategy would have triggered a long entry. The approach is designed to capture rebounds from short-term corrections and would be particularly relevant for assets like ZKC, which have shown sharp, cyclical price movements.