ZKP today shows a typical sustained weakness trend. The price has been declining from $0.17765, with each rebound met by selling pressure, gradually moving along the moving averages, and finally breaking through a key support to drop to $0.14763. Although it then slightly recovered to $0.15175, the intraday decline still reached 5.49%. The 24-hour trading volume exceeded 83.5 million USDT, with a trading volume of 517 million. Interestingly, during the decline, the trading volume did not spike sharply but maintained a steady selling pressure rhythm, indicating that bearish sentiment still dominates the market, and multiple support levels have consecutively failed.
**How to operate more safely**
Regarding entry — do not rush to buy the dip. If you really want to gamble on a short-term rebound, it’s best to wait until the price rebounds to the $0.1550-$0.1600 range and try a small position to test the waters. But the prerequisite is that the price must stabilize above the recent key resistance level before you can officially participate.
Regarding take profit — for short positions, the first target is $0.1500, and the second target is $0.1480. If the decline continues, $0.1450 may also become a new low.
Regarding stop loss — set the stop at $0.1600. Once the price breaks through this level, the short-term downtrend is likely to ease, and it’s time to reassess your position.
From the current trend, ZKP’s downward breakdown is the result of sustained bearish force. Although the 23.51% increase over the past 7 days shows that bulls have also participated, the short-term selling pressure has already intensified significantly. As long as the key level of $0.1600 is not broken, there’s no need to change the bearish outlook. For long traders, the risk of bottom-fishing at this stage is too high, and they must wait for clear signs of stabilization before participating. For friends who are shorting, don’t blindly chase the short; it’s better to wait until the price rebounds to resistance levels before entering, so as to more safely capture the profit potential of this decline.
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WenMoon42
· 3h ago
ZKP has dropped again, the bears are really fierce, and the selling pressure's pace is a bit frighteningly steady.
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SatsStacking
· 4h ago
It's the same old story. Those trying to bottom fish got wiped out. Wait for the rebound to the resistance level before entering. Losing a little is better than losing everything.
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RiddleMaster
· 8h ago
zkp is really amazing. Every rebound gets hammered back down. I do want to buy the dip, but the risk is indeed a bit high.
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The bears are still celebrating. If it doesn't break above 0.16 in the short term, there won't be much chance for a turnaround.
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Small positions betting on a rebound are okay, but I'm worried it might get pushed down again to 0.15. This coin is really a bit of a torment.
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A 5.49% decline doesn't seem like much, but it's really uncomfortable when it can't stabilize each time.
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Wait for a signal of stabilization. Entering now is just sending money away. This wave depends on how far the bears can push it down.
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GateUser-3250ad50
· 01-10 23:42
$ZKP I have prepared 1 billion W to short this 🐶 whale.
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CodeSmellHunter
· 01-10 20:00
The recent wave of zkp is really brutal. Every rebound gets crushed, and the bearish stance so resolute that there's still room for further decline.
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Those who are bottom-fishing should reflect. The support level has been broken three times in a row. What's it like holding onto this now?
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Wait, why is the trading volume so stable... It feels like someone is patiently dumping.
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Should I try 0.145? It seems like it might drop there, but don't go all in.
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Short sellers are probably feeling great right now. Just worry that once 0.16 breaks, you'll need to change your strategy. The risk of a reversal is still there.
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LayerZeroJunkie
· 01-10 15:52
ZKP this time really has no mercy. Every rebound gets crushed, and with such fierce bears, I think I'll just lie low and observe first.
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SmartContractPhobia
· 01-10 15:42
The recent wave of zkp is indeed frustrating, support has completely broken down along the way.
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It's another dead trap for bottom-fishing. Be smarter, everyone.
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The bears are holding steady, without any crazy sell-offs, which makes it even more painful.
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Try again at $0.15? Feels like there's still hope.
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This trend just irritates me. I'll wait for a clear signal.
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It's a bit tough for the short-term longs now, really need to wait.
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If $0.1600 can't be broken, the bears will continue to enjoy it, it's that simple.
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Stable trading volume and selling pressure—this detail is good, indicating someone is really offloading.
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Don't chase the short positions; waiting for a rebound before entering is really not a bad idea.
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Don't even touch this coin now, wait for signals.
View OriginalReply0
OldLeekNewSickle
· 01-10 15:40
Once again, this kind of cautious advice sounds nice, but in reality, it's just waiting for a rebound to cut.
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Support levels are failing one after another, a typical pump-and-dump rhythm.
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I see the $0.156 level as a knife for cutting leeks; rebound and then sell, it's an old trick.
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Stable trading volume with selling pressure? That just means someone is systematically offloading, I've seen this tactic too many times.
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The risk of bottom-fishing when going long is high, don't chase shorts when going short. So how should we operate? Just lie back and count the money, huh.
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A bunch of keywords, a bunch of data, but actually no one knows what will happen next, all dressed up as professional analysis.
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It’s up 23% in the past 7 days and now falling back again—that's just chip distribution, the project team is clearing out.
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I bet $0.145 can still be pushed up a bit, or it might just break below—50/50 chance.
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Every time, they say wait for clear stabilization signals, but by the time the signal appears, it's already rebounded 20%. The joys and sorrows of leek farmers.
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Many previous supports have failed, what support is left now? It all depends on whether the project team still has the patience to defend the price.
View OriginalReply0
ChainDoctor
· 01-10 15:31
This wave of zkp is indeed miserable, every rebound gets hammered.
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Those bottom-fishing are all trapped, let's wait until the rebound reaches 1550.
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The bears are still exerting effort, don't rush to take the hit.
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Support levels are failing one after another, this rhythm feels off.
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Short-term, the first target is 1500, it still feels like it could drop further.
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Don't make reckless moves in the short term, wait until 1600 breaks or not.
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Stable trading volume indicates strong selling pressure, showing that the sellers are really determined.
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Up 23 points in 7 days, then lost 5 in one day, this wave is truly a repeated cut.
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Trying out small positions to get a feel is correct, don't go all-in on this trash coin.
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No sign of stabilization has appeared, I won't touch it.
View OriginalReply0
GasFeeCrier
· 01-10 15:27
The downward trend of zkp is quite interesting; the bears just never seem to end.
ZKP today shows a typical sustained weakness trend. The price has been declining from $0.17765, with each rebound met by selling pressure, gradually moving along the moving averages, and finally breaking through a key support to drop to $0.14763. Although it then slightly recovered to $0.15175, the intraday decline still reached 5.49%. The 24-hour trading volume exceeded 83.5 million USDT, with a trading volume of 517 million. Interestingly, during the decline, the trading volume did not spike sharply but maintained a steady selling pressure rhythm, indicating that bearish sentiment still dominates the market, and multiple support levels have consecutively failed.
**How to operate more safely**
Regarding entry — do not rush to buy the dip. If you really want to gamble on a short-term rebound, it’s best to wait until the price rebounds to the $0.1550-$0.1600 range and try a small position to test the waters. But the prerequisite is that the price must stabilize above the recent key resistance level before you can officially participate.
Regarding take profit — for short positions, the first target is $0.1500, and the second target is $0.1480. If the decline continues, $0.1450 may also become a new low.
Regarding stop loss — set the stop at $0.1600. Once the price breaks through this level, the short-term downtrend is likely to ease, and it’s time to reassess your position.
From the current trend, ZKP’s downward breakdown is the result of sustained bearish force. Although the 23.51% increase over the past 7 days shows that bulls have also participated, the short-term selling pressure has already intensified significantly. As long as the key level of $0.1600 is not broken, there’s no need to change the bearish outlook. For long traders, the risk of bottom-fishing at this stage is too high, and they must wait for clear signs of stabilization before participating. For friends who are shorting, don’t blindly chase the short; it’s better to wait until the price rebounds to resistance levels before entering, so as to more safely capture the profit potential of this decline.