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ZKsync Price Surges 44.5% As Record Volume Follows Major Weekly Rebound
ZKsync’s token rebounded 44.5% in a week, fully engulfing the October 10 decline with record-breaking trading volume.
The current price trades at $0.04949, moving within a range between $0.04586 support and $0.06431 resistance.
The $0.06431 resistance trendline remains the next key level to monitor following the surge in market participation.
ZKsync’s native token, ZK, experienced an extraordinary price surge over the past week, reversing earlier losses with significant volume expansion. The current value of the token is $0.04949, which is a 44.5% seven-day gain. This week’s candle fully engulfed last week’s steep decline on October 10 and confirms renewed market participation. Notably, the recent trading volume reached its highest level ever recorded, suggesting substantial capital movement during the recovery phase.
Key Levels and Market Structure
ZK has continued to move within a descending channel structure, with clear resistance now positioned near $0.06431. The lower boundary remains supported at $0.04586, establishing the immediate trading range
The current weekly chart shows price movement approaching the upper resistance line after a sharp rebound from recent lows. This development has drawn attention due to the size of the recovery candle, which entirely erased the prior week’s downturn.
The market’s focus remains on whether ZK can sustain momentum above $0.05000, a level that has served as short-term equilibrium. Trading volume has notably spiked during this phase, reinforcing the relevance of current price action and the potential testing of higher levels.
Volume Spike and Technical Context
The recent increase in volume stands out as one of the most prominent features of this move. Over the past sessions, ZK recorded its highest trading volume since listing. This surge coincided with the full engulfment of the October 10 decline, reflecting a major influx of participation around the $0.045–$0.050 range. The visible shift in activity has brought the market’s attention to whether momentum could soon test the resistance trendline.
Resistance and Short-Term Outlook
The resistance trendline, drawn from the previous swing highs, continues to guide ZK’s medium-term structure. The $0.06431 level represents the key threshold to monitor over the coming sessions. Any movement near that point could influence subsequent reactions across the broader market. Until then, the $0.04586 support zone remains a reference point for ongoing stability as traders evaluate ZK’s recent performance and trading behavior.