Recently, the movement of ZKP (ZKPUSDT) has been quite interesting. On the 1-hour chart, the price repeatedly oscillates around 0.141, with the Bollinger Bands opening downward. At first glance, it indeed looks like it’s about to continue probing lower. But if you only look at the surface, you might miss what the market is truly brewing.

Let's start with the detail of the Bollinger Bands. The price is running close to the lower band, but there's a key observation—there's no volume breakout. Many people see this and get scared, thinking the trend is over. But that's not the case. This kind of repeated testing at low levels without breaking through is precisely a classic "nailing down at the low" behavior, indicating that the bearish momentum is nearing exhaustion.

The MACD signals are even more interesting. The DIF and DEA lines are tightly hugging below the zero axis, and although the green bars still exist, they are beginning to converge. This isn't a deep judgment—it's a sign that the bullish force is quietly building up, and a golden cross is just a matter of time. A market rule in crypto is that by the time most people see the golden cross clearly, smart funds have already exited early. Market sentiment often lags behind the indicators.

On-chain data doesn't lie. Recently, the concentration of holdings has significantly increased. What does this mean? Large investors and smart money are quietly positioning at this level. They won't enter when the market is noisy and sentiment is high; they prefer to accumulate during these dull, desperate times for retail investors. This is the main force's tactic—using the most boring charts to filter out the most patient participants.

The news side is also worth noting. The project’s new partnership is about to land, and there are already rumors circulating. But here’s a key point—in the crypto world, expectations are always more powerful than the actual news. Waiting for the official announcement to chase in, and the hype has already cooled. True veterans are already lurking during the rumor phase.

From these dimensions, it looks like a phase bottom area. ZKP is building a "takeoff platform," and this narrow-range oscillation is the last chance for the main players to get in.

How to consider operations? The key point is the support around 0.140. If the price tests this level again and quickly recovers, it’s a good signal to add positions. From a technical target perspective, first focus on the middle Bollinger band at 0.144; breaking through that could open up space for the upper band at 0.147 or even above 0.16.

The market always rewards those with awareness and courage. When most are panicking and cutting losses, some people are already greedily picking up bloodied chips where others can't see.