ZKP Aims to Raise $1.7 Billion to Expand Network
- Market Pullback Impact: The overall market capitalization fell by nearly $200 billion due to rising bond yields, causing Litecoin to break below key support levels, indicating the fragility of risk assets and prompting cautious investor sentiment regarding future trends.
- ZKP Funding Potential: Industry researchers estimate that ZKP aims to raise $1.7 billion, which would provide the necessary resources to onboard users into its data marketplace, potentially allowing it to gradually surpass traditional centralized platforms in data handling and enhance market competitiveness.
- Decentralized Infrastructure: ZKP is building a decentralized physical infrastructure network that utilizes zk-SNARK cryptography to ensure data security, which is expected to attract a large number of participants and further solidify its leadership position in the data monetization space.
- Hyperliquid Volatility: Hyperliquid has experienced significant price volatility, recently dropping to $21 due to a large liquidation event; despite processing over $40 billion in weekly volume, market confidence is tested, necessitating a rebound above $23 to restore stability.
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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 | -0.053 | 0.00925 | 0.0471 | 0.109 | 0.147 | 0.209 | 0.247 |
| Fibonacci | 0.00925 | 0.0475 | 0.0711 | 0.109 | 0.148 | 0.171 | 0.209 |
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