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Does $ZK have any strength left or is this just a slow bleed to zero?
Looking at the daily chart, we are currently sitting at 0.01571 and it's looking pretty heavy. We had a small relief rally attempt recently that got rejected at 0.01693, and now the price is just drifting back down.
The major support floor at 0.01395 is the only thing keeping this from a total breakdown. If we lose that level, there really isn't much history below to stop the drop.
Volume is drying up which usually means a bigger move is loading. The sellers are still slightly in control based on the order book being 51% on the ask side.
I’m watching for a reclaim of 0.0163 before I even think about a long position. Until then, it's just a game of patience and watching if that bottom holds. Stay safe out there.
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