#binance #hype #zec #near
05/11/25 08:12 UTC-04

ZKsync Token Surges 170% in Just Two Days and Keeps Rising

Cryptocurrency Cryptocurrency
Cryptocurrency ZKsync Token Surges 170% in Just Two Days and Keeps Rising

The price of ZKsync (ZK) continues to climb, rallying about 170% from a recent low of $0.028 to a peak of $0.075.

This sharp move appears to be driven by developments in the project’s tokenomics. Earlier this week, Matter Labs CEO Alex Gluchowski unveiled a detailed proposal titled “From Governance to Utility: ZK Token Proposal, Part I”, highlighting the added value of the digital asset’s ecosystem.

While the rally is not yet over, the ZK token remains above its previous high of $0.045 and the 9-day exponential moving average (EMA) — suggesting that buyers still control the short-term momentum.

Meanwhile, the BBWP volatility indicator has started to cool off from extreme levels, signaling a potential period of consolidation before the next major move.

If ZKsync’s price holds above $0.048 while volatility declines, it could pave the way for a continued uptrend once momentum builds again.
A 4-hour or daily close above $0.067 would confirm a resumption of the bullish trend, targeting a retest of the $0.075 peak.
However, a break below $0.045 would invalidate this setup and could lead to a deeper retracement toward $0.030.

See also: "Bitcoin Price Today: Falls Below $100K, Enters Bear Market"

#ZKsync #Price Increase

Editor: Pereyidenko Ihor
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