ZK Technical Analysis Feb 24

[ENGLISH: ZK shows a clear bearish outlook with LH/LL structure in the downtrend among altcoins; breaking $0.0179 support could trigger downward BOS. For upward reversal, confirmation above $0.0201 HH/HL is required.]

Market Structure Overview

ZK’s current market structure is shaped by lower highs (LH) and lower lows (LL) patterns characterizing a clear downtrend. Price has retreated from the recent $0.0201 swing high to the $0.0179 swing low and is currently consolidating around $0.02. This structure continues to hold below the short-term EMA20 ($0.02), preserving bearish momentum. Multi-timeframe (MTF) analysis identified a total of 8 strong levels across 1D, 3D, and 1W timeframes: 1 support and 7 resistances (1D: 1S/2R, 3D: 1S/2R, 1W: 1S/3R), supporting the overall bearish structure. Supertrend bearish signal is reinforced by $0.03 resistance, while RSI at 36.11 approaches oversold but MACD neutral histogram gives no reversal signal. The market moves parallel to BTC’s downtrend, increasing altcoin risk.

Trend Analysis: Uptrend or Downtrend?

Uptrend Signals

Uptrend (bullish structure) is defined by higher highs (HH) and higher lows (HL); however, this pattern is weak in ZK. Although there was a recovery from the recent $0.0179 swing low, price has not broken the $0.0191 and $0.0201 LHs. Bullish continuation to $0.0276 target (score:14/100) is low probability; closing above EMA20 and RSI crossing 50+ would bring HH/HL confirmation. The current $0.02 level is testing potential HL formation, but resistances dominate.

Downtrend Risk

Downtrend (bearish structure) dominates with LH/LL: Descent from recent swing high $0.0201 to lower high $0.0191, then to lower low $0.0179 observed. This classic LH/LL sequence signals downtrend continuation. 24h -3.04% drop and BTC parallelism increase risk; breaking $0.0179 extends LL and activates $0.0076 bearish target (score:22/100). Watch for: New LH formation below $0.0191.

Structure Break (BOS) Levels

Break of Structure (BOS) confirms trend change. Bearish BOS: Breaking $0.0179 swing low (score:81/100) reinforces LL structure, confirms downtrend, and opens path to $0.0076. Bullish BOS: Closing above $0.0201 swing high (score:60/100) breaks LH, triggers CHoCH (Change of Character), and opens path to $0.0276. These levels are strong in MTF: Watch 1W resistances above $0.0201+. Trend is not invalidated without BOS; for example, holding above $0.0179 gives HL hope, but bullish is invalid without surpassing LH resistances.

Swing Points and Their Importance

Recent Swing Highs

Recent swing highs: $0.0201 (score:60/100, main LH resistance), $0.0191 (score:67/100, intermediate resistance). These points represent selling pressure in bearish structure; rejection at $0.0201 completed LH pattern. Breakout would be HH start and trend reversal signal. Importance: If price bounces down from these levels, LL risk increases.

Recent Swing Lows

Recent swing low: $0.0179 (score:81/100, critical support). This level is the base of current LL; holding tests HL formation. Break confirms bearish BOS, closing above brings bullish momentum. MTF 1D/3D supports concentrate here; $0.0179 is downtrend’s last line of defense.

Bitcoin Correlation

BTC at $63,311 in downtrend (-4.55%), Supertrend bearish, and rising dominance pressures altcoins. ZK drops to $0.0179 test on BTC support breaks at $62,910/$60,003; BTC resistance above $64,658 triggers buys pushing ZK to $0.0201. If BTC falls to deep support $49,685, ZK bearish target $0.0076 activates. Correlation high: BTC LH/LL structure dominates ZK, altcoin caution mode active.

Structural Outlook and Expectations

ZK structure dominated by bearish LH/LL; holding above $0.0179 gives short-term HL hope, but reversal without $0.0201 BOS remains weak. CHoCH requires EMA20 above + RSI divergence. MTF resistance surplus supports downtrend; BTC downtrend parallel risk. Key factors to break structure: Bearish BOS below $0.0179, bullish BOS above $0.0201. Educational note: HH/HL defines uptrend, LH/LL downtrend; confirmed with BOS. Spot and futures traders follow ZK Spot Analysis and ZK Futures Analysis. Attention: Volatility high, set stop-loss according to swing low/high.