Reviewed by Reviewed by Renuka Tahelyani Updated 03:00 EDT October 11, 2026 Share Share Share Back to Top ZKsync [ZK] remained one of the few tokens to gain more than 10% as the cryptocurrency market regrouped after recent declines
Its bullish performance coincided with a NextBridge partnership, expected to bring Prividium, its self-governed private ledger for institutions, to Japan
Even so, the rally faced a test. AMBCrypto analyzed trader activity and found reasons to question whether ZK could sustain its upward movement
The Bollinger Bands chart showed ZK reaching the upper band, where its advance faced resistance. The indicator plots three bands around price. Its outer bands can help identify potential resistance and support, depending on market conditions
Previous approaches to the upper band had preceded declines. This time, a red candlestick suggested selling pressure had started to emerge
If the pullback continues, ZK could approach the blue middle band at $0.0125, near horizontal support at $0.0124. That puts the $0.0124–$0.0125 zone in focus as a potential landing point
Further selling could push ZK toward the lower band around $0.011, making it another potential support area
Despite the emerging pullback, Bull Bear Power (BBP) suggested bulls retained the upper hand. The chart recorded consecutive positive green bars on the 9th and 10th of October, supporting the bullish momentum reading
The Parabolic Stop and Reverse (SAR) offered a similar outlook, with dots positioned below ZK’s price
That positioning supported the prevailing upward trend, even as the red candlestick signaled near-term selling pressure. Taken together, these indicators leave room for a rebound if ZK retreats toward the middle band
For bulls, holding the nearby $0.0124 support could help keep that recovery scenario alive
Meanwhile, ZK’s price gains coincided with an increase in its Holder Count. The number reached approximately 186,820, marking an all-time high. The upward trend had developed since mid-September
The growing Holder Count supported the adoption picture, although it did not establish how much those addresses bought
ZK therefore faced competing signals: resistance near the upper band, bullish trend indicators, and a growing holder base. A pullback toward $0.0124–$0.0125 could test whether that bullish momentum translates into buyers defending support
Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work
