The ZK token has witnessed a significant price surge, climbing 38.7% in the past 24 hours, fueled by strong trading volume and a decisive structural breakout above its long-term downtrend channel. This suggests potential shift in market direction as buyers gain control. 📈 ⬆️
Key highlights:
• A clear ascending pattern emerged on the chart, indicating a break from the prolonged downtrend.
• Buyers are absorbing supply near the support level of the descending channel.
• Increased trading volume supports this trend and suggests a potential market expansion.
• The breakout coincides with a shift in market structure from accumulation to early expansion. 💥
Analysts believe sustained activity near structural support could signal a momentum shift as liquidity consolidates, setting the stage for a potential rally towards a new range. 📈