Upbit Lists zkPass, Boosting Adoption of Privacy-Focused Crypto
- Market Access: Upbit officially lists zkPass (ZKP) today, allowing users to trade against Bitcoin (BTC), Tether (USDT), and Korean Won (KRW), significantly enhancing direct compliant access for Korean and global investors to this privacy protocol.
- Liquidity Boost: This listing is expected to bring substantial market liquidity and visibility to zkPass, typically leading to increased trading volume and price discovery, thereby enhancing the project's market credibility.
- Compliance Recognition: As South Korea's largest regulated exchange, Upbit's rigorous listing process indicates that its due diligence team sees high value and legitimacy in the zkPass project, potentially paving the way for more privacy technologies to gain mainstream support.
- Market Volatility Risk: Despite zkPass's promising technology, newly listed tokens often face price volatility, requiring investors to approach initial trading with caution and to monitor global regulatory dynamics surrounding privacy tokens.
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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 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 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 | 0.00867 | 0.0459 | 0.109 | 0.146 | 0.209 | 0.246 |
| Fibonacci | 0.00867 | 0.0469 | 0.0705 | 0.109 | 0.147 | 0.171 | 0.209 |
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