Global Crypto Market Faces Challenges Amid Price Drops
- Market Value Decline: The global crypto market value has recently fallen by about 4%, indicating significant challenges for established digital assets, leading to investor skepticism regarding future returns.
- Chainlink Price Pressure: Chainlink's price has dropped approximately 10% over the past week, currently hovering between $12.30 and $13.00, and while large holders are quietly accumulating, a drop below the $11.60 support level could trigger further downside risks.
- Ondo Token Unlock Impact: Following the release of 1.94 billion tokens, Ondo's price plummeted 19% this week, trading between $0.33 and $0.35, but larger investors are stepping in, raising interest in the $0.32 support level amid ongoing selling pressure.
- ZKP Crypto Emergence: ZKP crypto is gaining traction during its presale phase due to its approximately 99% lower energy consumption compared to Bitcoin, operating at just 10 watts per terabyte, which is expected to attract significant ESG-focused investment funds and drive its ambitious 8000x growth target.
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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 | -0.0529 | 0.00931 | 0.0472 | 0.109 | 0.147 | 0.21 | 0.247 |
| Fibonacci | 0.00931 | 0.0475 | 0.0712 | 0.109 | 0.148 | 0.171 | 0.21 |
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