$ZK
has just printed a powerful momentum-driven move, surging over 40% after a long accumulation phase near the $0.020 demand zone. This area acted as a strong base where selling pressure exhausted and buyers stepped in aggressively. The breakout above the key $0.027–$0.028 resistance confirmed a clear trend reversal, with price reclaiming major moving averages and flipping market structure from bearish to bullish. The move was backed by strong volume expansion, signaling real demand rather than a low-liquidity spike. Once resistance was broken, momentum traders and sidelined buyers fueled continuation toward the $0.037 high, aligning with the broader Layer-2 / ZK narrative gaining traction in the market.
From a technical perspective, ZK remains bullish as long as price holds above the previous breakout zone, which is now acting as support. Short-term consolidation or shallow pullbacks would be considered healthy after such an impulsive rally and may offer better risk-managed opportunities rather than chasing strength. As long as structure remains intact and volume supports the move, ZK has the potential to extend further toward higher resistance levels. However, after a sharp upside expansion, disciplined risk management is key, as volatility can increase during price discovery phases.
