Upbit Enables ZKsync Trading Against KRW, BTC, and USDT Starting January 6
- Trading Support Expansion: Upbit announced that trading for ZK/KRW, ZK/BTC, and ZK/USDT will commence on January 6 at 6:30 PM, which is expected to attract more user interest in the ZKsync ecosystem and enhance its market penetration.
- Network Selection Warning: Users must note that only the ZKsync Era network will be supported for deposits and withdrawals, with transfers over other networks being rejected, a measure aimed at ensuring transaction security and stability.
- Market Stability Measures: Buy orders will be disabled for the first five minutes after trading begins, and sell orders below 10% of the previous day's closing price will not be accepted, ensuring market stability during the initial trading phase.
- Price Dynamics: According to CoinMarketCap, ZK closed at 48.67 KRW yesterday and is currently priced at 50.05 KRW, indicating a positive market response to the new trading pairs, which may further drive the development of the ZKsync ecosystem.
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Technical Analysis for ZK
Technical Sentiment Analysis for ZKsync (ZK) As of , ZKsync (ZK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZK 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, ZK 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 $-.
ZKsync (ZK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00266 | 0.00809 | 0.0159 | 0.0266 | 0.0344 | 0.0451 | 0.0529 |
| Fibonacci | 0.00809 | 0.0152 | 0.0195 | 0.0266 | 0.0337 | 0.038 | 0.0451 |
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