- Due to consistent accumulation, market mood is still firmly optimistic.
- The current cooling is not a sign of weakness, but of prudent profit-taking.
- The token has significant upside potential as long as $0.05080 is maintained.
Over the past day, $ZKWASM has shown remarkable success, soaring 18.26% to trade at $0.05648. At $0.04736, the trading session began, and a bullish trajectory was set right away. Early in the day, buyers gradually built up positions, laying the groundwork for a strong upward move that continued to gain strength all day. The strength of demand made sure that every dip was met with aggressive purchasing interest, even when the token experienced brief periods of lunchtime volatility that were characterized by rapid pullbacks. The coin reached an intraday high of $0.05893 thanks to this steady activity, but it then began to decline a little as profit-taking became apparent.
The market is still firmly controlled by buyers, as seen by the price action. The chart has continuously displayed higher lows, confirming the underlying demand driving the trend. As a strong support level, the area around $0.05080 has resisted selling pressure and stopped more significant corrections. The recent high of $0.05893, on the other hand, is clearly defined as resistance and will be a crucial milestone in determining the token’s future move. Because $0.055 could serve as a launching pad for additional gains in the upcoming sessions, traders are keeping a close eye on $ZKWASM’s capacity to sustain stability above this level.
Market sentiment and outlook
Accumulation patterns indicate that trust in the token’s trajectory is growing, and the general market mood is still solidly bullish. It appears that the trend is still in place because the brief cooling period that was seen close to the peak of the rise was more indicative of prudent profit-taking than a lack of momentum. The token may be positioned for more upward potential in the short to medium term if buyers keep control of the market structure and protect support zones. On the other hand, a decline below $0.05080 would signal the start of a consolidation period, although the trend’s strength is demonstrated by the tenacity displayed thus far.
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Following an 18.26% spike, $ZKWASM is stabilizing, with resistance around $0.05893 and firm support at $0.05080. Remaining above $0.055 maintains the bullish view.
