ZK Technical Analysis Apr 4
The post ZK Technical Analysis Apr 4 appeared on BitcoinEthereumNews.com.
ZK is exhibiting a clear downtrend in the altcoin market; the LH/LL structure dominates and upward movement is impossible without breaking the $0.02 resistance. A strong BOS will be required to change the structure. Market Structure Overview ZKsync (ZK) is currently in a clear downtrend. While the price is consolidating at the $0.02 level, it showed a %2.87 drop in the last 24 hours and is squeezed in the $0.01-$0.02 range. Market structure analysis confirms the lower highs/lower lows (LH/LL) pattern instead of higher highs/higher lows (HH/HL). Supertrend is giving a bearish signal and short-term bearish bias is maintained as long as the price stays below EMA20 ($0.02). RSI at 30.57 is approaching the oversold region, while MACD confirms the down momentum with a negative histogram. In the MTF structure (1D/3D/1W), 8 strong levels were detected: 1D has 2 supports/0 resistances, 3D has 0 supports/1 resistance, 1W has 2 supports/3 resistances. This indicates weakness in the upside and a support-focused structure on the downside. Structure analysis requires maintaining the $0.0152 support for trend continuation, and a BOS above $0.02 for a change. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, an HH/HL structure is essential: formation of a higher low between recent swing lows and breaking the recent swing high (around $0.02 EMA20) is expected. However, current data shows an LL pattern between $0.0152-$0.0140 supports; even though RSI is oversold, there is no divergence. Bullish continuation target $0.0240 (score:10/100) is very low probability, only possible with strong volume and a BTC rally. For now, there is no HH/HL, only potential reversal should be monitored. Downtrend Risk The downtrend is confirmed with LH/LL: recent swing highs are lowering (failed to break $0.02 resistance), and swing lows have declined toward $0.0152. MACD is bearish and Supertrend resistance is at $0.02.…
Filed under: News - @ April 4, 2026 8:21 pm