ZK, zkSync’s native token, has formed an ascending symmetric triangle. According to a Twitter post by a self-proclaimed crypto analyst, Amin Azarmi, the zkSync price may move upward to $0.21 or $0.22 if it can maintain the level of $0.1880.
At the time of writing, the zkSync price is $0.189, slightly above that support level. As per CoinGecko data, it is down 2.4% in the last 24 hours but has gained 14% over the past week and 25% in the past two weeks. Its monthly values are also in the green.
What does the triangle mean?
An ascending symmetric triangle typically forms during a trend, in this case, a bullish market. It is characterized by a series of higher lows and lower highs that form a triangle on the price chart.
If the pattern forms during an uptrend, it is typically seen as a continuation pattern. This means the zkSync price will likely break out to the upside once ZK exits the triangle.
A break below the lower trendline suggests a bearish breakout, signaling a potential fall.
As the triangle forms, trading volume typically declines. This is also happening with ZK. Its trading volume is $201,543,162 in the last 24 hours, representing a 18.30% decline from yesterday.
zkSync price prediction
Analysts remain bullish on the token. TradingView technical indicators suggest it is a strong buy. Binance predicts an average of $0.205 in 2025 and $0.2155 in 2026.
WalletInvestor is even more optimistic. According to their prediction, the zkSync price could rise to around $0.37 by the end of this year.
However, oscillators suggest a “sell.” The Stochastic oscillator is currently 84.6228. The asset is overbought when the %K value is above 80. While this doesn’t mean it will reverse immediately, it suggests the zkSync price is relatively high compared to the recent past.
The value represents the current %K value. It means the latest closing price is 84.6228% from the lowest to the highest over the past 14 periods.
The %K line crossing below the %D line while in the overbought region might signal a potential sell. Conversely, a crossover above the %D line in the oversold region might signal a buy.
