ZK has fallen 8.76% in the past 24 hours, underperforming the market. Several factors are putting pressure on the market: first, the risk of Etherscan being delisted may trigger panic selling; second, after a significant 18.7% surge last week, it encountered resistance at the 0.042 USD Fibonacci level, and the bulls failed to break through. Additionally, Bitcoin's dominance continues to strengthen, reaching 58.18%, putting overall selling pressure on altcoins. On the technical side, 0.0335 USD has become a key support level. Whether this decline is driven by bears or a shakeout by major players depends on whether this support can hold. If it breaks, the correction space will further expand.

ZK1,47%

BTC1,32%

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BlindBoxVictim

· 01-11 01:48

Uh, it dropped again. What is Etherscan doing this time? I was planning to buy the dip...

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ImpermanentSage

· 01-11 00:22

zk is struggling again. Whether this is a real decline or just a shakeout depends on whether .0335 can hold. If it breaks, it's time to run.

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GreenCandleCollector

· 01-09 22:17

Oh my, another dump. This wave of ZK really hurts. Last week we were celebrating, and now it's a slap in the face.

If we can't hold 0.0335, we're done. What are we betting on?

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PaperHandSister

· 01-08 06:56

It dropped again, and with ZK's current state, do you still think it will break through? It's not going to happen at all.

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DeFiGrayling

· 01-08 06:55

Oh no, once again the market is crashing. When will ZK stop falling...

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The risk of Etherscan delisting is really next level. One sentence has caused a panic among many people.

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If we can't hold 0.0335, then we need to prepare for a secondary drop.

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Bitcoin's dominance at 58% is really suppressing altcoins hard. No way around it.

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Last week, we were celebrating a 18.7% increase, and this week it’s a slap in the face. This is the crypto world.

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Honestly, now it mainly depends on whether it's a shakeout or a true bear market. If the support breaks, we’ll have to cut losses.

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Once again, Fibonacci resistance levels are causing trouble. They always seem to appear right on time to annoy us.

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GamefiHarvester

· 01-08 06:51

Dropped again... This time, the Etherscan issue has caused widespread panic. We were already stuck at the resistance level, and now it feels even worse. The 0.0335 line must hold, or we'll face another round of cuts.

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SelfMadeRuggee

· 01-08 06:41

zk is dropping again? I should have sold last week at 0.042. Now the position is a bit awkward... Let's see if it can hold at 0.0335; if it breaks, it will be really troublesome.

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token_therapist