$ZKP Summary

ZKP (zkPass) has fallen by 5.22% over the past 24 hours, showing worse performance than the overall cryptocurrency market (+0.68%). This continues a 7-day decline of 4.18% and aligns with a 30-day downward trend of 48.87%. Here are the main factors:

1. Post-event selling: profit-taking accelerated after the trading session on Binance ended on January 6.
2. Technical correction: the token remains below key moving averages, reinforcing a short-term bearish momentum.

3. Market lag: ZKP’s decline contrasts with the growth of major cryptocurrencies, reflecting weak relative demand.

Detailed Analysis
Post-Event Selling (Bearish Effect)
Overview: The Binance BNB Smart Chain trading contest, offering a reward of 1.25 million ZKP, concluded on January 6, 2026. This event boosted buying pressure and trading volume, but its end triggered profit-taking by participants.

What it means: The conclusion of time-limited events often leads to decreased demand and sales from reward recipients, creating downward pressure. The 159% increase in trading volume over 24 hours to $373 million confirms active distribution.

What to watch: Further selling pressure may persist if reward recipients continue liquidating their assets.

Technical Correction (Bearish Effect)
Overview: ZKP is trading at $0.122, below its 7-day simple moving average ($0.129) and exponential moving average ($0.131). The Relative Strength Index (RSI, 7-day) stands at 53.59, neutral but leaning toward a bearish trend as the token fails to hold key levels.

What it means: Inability to recover moving averages signals weak short-term momentum, encouraging further selling. This prolongs the 30-day downward trend of 48.87%, which began after a 45% rally on December 26.

Market Lag (Bearish Effect)
Overview: ZKP dropped 5.22%, while the overall crypto market increased by 0.68% over 24 hours. Bitcoin (+1.4%) and Ethereum (+1.3%) rose on December 26, but since then, ZKP has shown negative divergence.

What it means: The token’s weakness reflects a decline in relative demand, possibly due to waning hype around its recent exchange listings and a shift toward more established assets.

The fall in ZKP is driven by profit-taking after the event, technical breakout, and weak relative momentum. The immediate catalyst was the end of the Binance contest, but the token remains in a broader correction phase.

Key points: Will ZKP hold support around $0.12, and will trading volume normalize below $200 million to signal exhaustion of selling?

If the break below $0.12 occurs, the bearish effect will continue, caused by the airdrop distribution on Binance. I lean toward a bullish scenario because a compressed spring has formed in the price corridor of $0.12 - $0.12500 since the drop, but I do not exclude a bearish scenario either.