Market Focus Shifts to Supply Dynamics and ZKP
- Pi Coin Faces Selling Pressure: Pi Coin dropped about 9% after over 4.6 million tokens unlocked, with an additional 140 million expected next month, creating significant supply pressure; trading volume surged 300% to nearly $28 million, indicating holders may be offloading rather than accumulating.
- XRP Struggles at Resistance: XRP steadied near $1.96 but faces tough resistance between $2.05 and $2.10, limiting upward momentum; subdued RSI in the low 40s suggests cautious market participation, with outflows indicating exits over new entries.
- ZKP Shifts to Verifiable Participation: ZKP infrastructure is evolving from a speculative framework to a verifiable participation model, emphasizing measurable involvement through dedicated hardware and transparent infrastructure, ensuring participation relies on meaningful output rather than mere possession.
- Investment in Proof Pods: ZKP has committed $17 million to Proof Pods, specialized hardware for executing verified computations, ensuring accountability through verifiable results; as more Pods come online, capacity expands, reinforcing ZKP’s aim for a transparent and accountable system.
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Technical Analysis for ZKP
Technical Sentiment Analysis for (ZKP) As of , (ZKP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZKP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZKP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(ZKP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0542 | 0.00863 | 0.0459 | 0.109 | 0.146 | 0.209 | 0.246 |
| Fibonacci | 0.00863 | 0.0469 | 0.0705 | 0.109 | 0.147 | 0.171 | 0.209 |
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