ZKJ Token Falls Below $0.302 Amid Whale Sell-off
Market Impact of ZKJ Token Sell-off: The ZKJ token from Polyhedra Network fell to $0.3024 following a significant sell-off initiated by a whale wallet, resulting in over $99 million in liquidations across exchanges and highlighting market vulnerabilities.
Lack of Leadership Response: Despite the drastic drop in the token's value and market instability, there have been no public statements from Polyhedra's leadership regarding the incident or its implications for future regulatory discussions.
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Technical Analysis for ZKJ
Technical Sentiment Analysis for Polyhedra Network (ZKJ) As of , Polyhedra Network (ZKJ) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZKJ 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, ZKJ 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 $-.
Polyhedra Network (ZKJ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0239 | -0.00131 | 0.0128 | 0.0354 | 0.0495 | 0.0721 | 0.0862 |
| Fibonacci | -0.00131 | 0.0127 | 0.0214 | 0.0354 | 0.0494 | 0.0581 | 0.0721 |
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