ZKP prices continue to face pressure, with the 20-day moving average at 0.167 acting as a "ceiling" role, and the support at 0.16 also becoming increasingly precarious. From a technical indicator perspective, RSI has fallen to around 33 and is still declining, which is not a sign of a rebound from oversold conditions, but rather a sign of trend breakdown. The MACD is also flashing a red light, with both lines completely bottoming out, and those green bars' rebounds are merely fleeting.
The most convincing evidence is the price movement itself. From the high of 0.202, it has been sliding straight down without a proper rebound or correction. Such persistent downward movement often lacks a clear bottom. The current price is at 0.15981, and the probability of further decline in the short term is higher. For aggressive bears, this position indeed presents an opportunity, requiring quick decision-making.
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CrashHotline
· 14h ago
It's dropping again. This breakdown is just too straightforward.
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MevSandwich
· 01-10 04:51
ZKP this time really has no bottom, it's really uncomfortable to watch... By the way, who is still buying the dip at 0.16?
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ChainWallflower
· 01-09 18:11
Breaking this crucial 0.16 level really leaves nothing to stop it... RSI is already heading towards 33, so this time it’s probably not just a simple rebound signal.
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FarmToRiches
· 01-09 01:56
Damn, it dropped again... feels like this crappy ZKP coin is cursed.
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VibesOverCharts
· 01-09 01:52
This wave of zkp is really incredible. It has dropped from 0.202 all the way down and hasn't had a decent rebound yet. I think we need to continue probing the bottom.
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MevWhisperer
· 01-09 01:49
This wave of zkp is really hopeless, dropping freely from 0.202 all the way down, with not even a decent rebound.
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TrustMeBro
· 01-09 01:49
Another continuous downward slide, I really can't see where a rebound could happen...
Oh my god, 0.202 has been falling all the way down to now, not even a decent retracement, it's truly despairing.
Wait, is anyone still optimistic about this level? I feel like the bottom is still nowhere in sight...
RSI is already at 33 and still going down, this isn't oversold, it's clearly breaking support.
The bears must be thrilled right now, but I still want to ask if anyone dares to buy the dip?
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LiquiditySurfer
· 01-09 01:38
Is it going to break through 0.16 again? This wave is a bit wild. It feels like it started to fall back before reaching the target, a typical fake rebound to trap retail investors.
ZKP prices continue to face pressure, with the 20-day moving average at 0.167 acting as a "ceiling" role, and the support at 0.16 also becoming increasingly precarious. From a technical indicator perspective, RSI has fallen to around 33 and is still declining, which is not a sign of a rebound from oversold conditions, but rather a sign of trend breakdown. The MACD is also flashing a red light, with both lines completely bottoming out, and those green bars' rebounds are merely fleeting.
The most convincing evidence is the price movement itself. From the high of 0.202, it has been sliding straight down without a proper rebound or correction. Such persistent downward movement often lacks a clear bottom. The current price is at 0.15981, and the probability of further decline in the short term is higher. For aggressive bears, this position indeed presents an opportunity, requiring quick decision-making.