ZKsync's native token, ZK, has surged 44.5% over the past week, reaching $0.04949, as reported by Cryptonewsland. This significant rebound has reversed previous losses and fully engulfed the decline seen on October 10. The surge was accompanied by record-breaking trading volumes, highlighting increased market interest.
Despite the impressive gains, ZK remains within a descending channel, facing resistance at $0.06431 and support at $0.04586. The recent spike in trading volume has sparked speculation about whether the token can break through its key resistance level.
ZKsync Token Jumps 44.5% Amid Record Trading Volume
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
