ZK Market Brief: 14% Daily Surge in a Bearish Downtrend – Key Levels Explained

Today's Update

ZK is trading at $0.03 as of February 1, 2026 (07:00 UTC), marking a strong +14.57% gain over the last 24 hours. It hit a high of $0.03 and low of $0.02, with trading volume spiking to $161 million—showing heightened interest despite Bitcoin's -6.52% drop to $78,327. Think of this like a brief rally in a stormy market: exciting, but the overall weather (downtrend) remains cloudy.

What the Numbers Mean

ZK sits below its key moving averages (EMAs)—like the 20-day ($0.0286), 50-day ($0.0314), and 200-day ($0.0457)—signaling a bearish trend (price below averages means sellers dominate long-term). RSI at 44.61 is neutral (not overbought like above 70 or oversold below 30), but MACD is bearish (lines show momentum fading), and it's in the lower half of Bollinger Bands (volatility bands squeezing prices downward). ATR (0.0032) indicates moderate swings, like a car bumping along a rough road.

The Context You Need

Bitcoin's bearish supertrend drags altcoins like ZK, as BTC often leads the market—like a big ship pulling smaller boats. Strong support lurks at $0.0200 (71/100 score, from Fibonacci and prior lows) and $0.0265, potential "floors" if price dips. Resistance starts nearby at $0.0274 (73/100), blocking upside—multi-timeframe (daily/weekly) confirms 15 key levels, with more resistances ahead.

What to Understand

Today's pop tests resistance; a break above $0.0274 could eye $0.034, but failure risks $0.0200 support. Pivot point at $0.0275 is neutral ground. For newcomers: Watch BTC correlation—avoid chasing highs in downtrends. Use these levels to set alerts, empowering informed decisions over HYPE.