ZKsync takes a break - down 3.4% today to $0.0582 after a Wild rally of 113% over the past week. This period of cooling comes as traders lock in profits following the buzz around the Vitalik-backed Atlas update and speculations on tokenomics, while the broader altcoin market shows signs of fatigue with price drops of 6.98% over the week.
I am currently watching the 0.055$ area – the 38.2% Fibonacci retracement level may act as critical support if sellers continue to push. A classic case of noise converging with reality.
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ZKsync takes a break - down 3.4% today to $0.0582 after a Wild rally of 113% over the past week. This period of cooling comes as traders lock in profits following the buzz around the Vitalik-backed Atlas update and speculations on tokenomics, while the broader altcoin market shows signs of fatigue with price drops of 6.98% over the week.
I am currently watching the 0.055$ area – the 38.2% Fibonacci retracement level may act as critical support if sellers continue to push. A classic case of noise converging with reality.