As the governance token and network fee payment tool in the zkSync ecosystem, ZK carries the highest expectations from the market for ZK-Rollup scaling solutions. However, the reality is sobering—token prices have been halved multiple times from their all-time highs, with a decline of over 90%, reflecting multiple challenges in ecosystem development and token economic mechanisms.

From a technical narrative perspective, zero-knowledge proofs are indeed at the forefront of the current blockchain scaling and privacy revolution. Thanks to zkSync's fully EVM-compatible features, it offers developers a relatively friendly migration path, maintaining a leading position in the total value locked (TVL) ranking in the ZK-Rollup track. These fundamentals have not disappeared.

But the problem is—being technologically advanced does not necessarily mean the token has value. The key now is whether the community can truly promote the transformation of deflationary economic models like "ZKnomics," allowing the token mechanism to genuinely reflect ecosystem value.

From a trading perspective, the key buy-in range is anchored at $0.030-$0.035, close to the historical low of $0.0338 set in 2024, which may have technical support. Positioning within this range, the short-term target points to $0.055-$0.060 (corresponding to the price platform around September 2025), while the mid-term target of $0.080-$0.093 will require significant ecosystem improvements to achieve. The more distant $0.10+ belongs to a long-term optimistic forecast for 2030, requiring fundamental improvements.

Stop-loss is set below $0.029. This is a long-term opportunity betting on the prospects of the ZK-Rollup track and the revival of the zkSync ecosystem, but it also requires preparation for risks related to technical direction adjustments and token economic failure.