ZKsync Discontinues ZKsync Lite to Concentrate on ZKsync Era
ZKsync Lite Discontinuation: ZKsync plans to phase out ZKsync Lite by 2025, redirecting resources to ZKsync Era, which integrates advanced technologies like zkEVM. Users are encouraged to migrate their assets to ensure continuity.
User Funds and Migration: Approximately $50 million in user funds remain on ZKsync Lite, with developers and ecosystem partners supporting the transition to ZKsync Era to enhance liquidity and scalability.
Market Response and Support: The market anticipates a smooth migration process, with industry stakeholders generally supportive of ZKsync's technical advancements, despite some user concerns about the migration hassle.
Ethereum's Stability: Despite recent market fluctuations, Ethereum maintains a significant market cap and dominance, with the shift to ZKsync Era expected to improve scalability and smart contract interactions within its 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 | -0.00291 | 0.00796 | 0.0156 | 0.0265 | 0.0341 | 0.045 | 0.0526 |
| Fibonacci | 0.00796 | 0.015 | 0.0194 | 0.0265 | 0.0335 | 0.0379 | 0.045 |
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