2026-01-08 08:22:04

ZKP's recent price movement has really been like fireworks—rising rapidly and falling just as quickly. From $0.11444 all the way up to $0.22431, the daily increase exceeded 46% in a short period, and the weekly gain even reached 30.41%. The bulls look very strong. But as soon as the high point appeared, profit-taking started to flood in aggressively, with almost no support, causing the price to plunge back to $0.17053, down 4.42% intraday.

Trading volume also indicates the issue. Over the past 24 hours, the trading volume exceeded 1.053 billion USDT, with a turnover of 5.895 billion. Despite the decline, the trading activity remained high, which can only mean one thing—large funds are decisively taking profits at high levels. The previous high has now become a short-term resistance level that is difficult to break.

**How to Play This Market**

Blindly bottom-fishing is not recommended. If you really want to participate in a short-term rebound, wait until the price rebounds to the $0.18000-$0.19000 range, try a small position, and only officially build a position after the price stabilizes above this key resistance level.

For those shorting, the first target is $0.16000, and the second target is $0.15000. If the downtrend continues, $0.14000 could also be tested. Set your stop-loss at $0.19000; once broken, the short-term downtrend is likely to ease.

**Personal View**

This sharp rise and fall of ZKP is a typical sign of capital fleeing. Although there was a lot of profit-taking during the previous surge, the bulls' capacity to absorb selling pressure is clearly insufficient now. As long as it doesn’t break above $0.19000, there’s no need to change the bearish outlook. Those going long should be cautious about bottom-fishing, as the risk is high and they could get caught in the middle of the move. Shorts should also avoid blindly chasing; wait for a rebound to the resistance level before entering, and safely profit from this decline.

ZKP-5.23%

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NftRegretMachine

· 01-08 08:51

Fireworks market is real, big funds are mercilessly harvesting, 0.22 is just a smokescreen --- It's the old trick of capital fleeing again, those who bought high are still regretting --- Wait, can this thing really rebound to 0.18? Feels like it's going to drop again --- Those shorting now are definitely making a killing, small retail investors are being washed out --- Honestly, just looking at this trading volume, you can tell institutions are harvesting, let's just watch the show --- If the 0.19 barrier is broken, the bears will be panicking --- Another surge and crash, I'm already numb --- Why do they always trap people at high levels and dump at low levels? This game is really addictive --- Stay as steady as a mountain, wait until the rebound hits the resistance level --- Capital fleeing, these four words are spot on

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RunWhenCut

· 01-08 08:48

Same old story, those who bought high are probably going to get trapped again. A game of risking one's neck, not everyone can play it. Large funds harvest profits, retail investors feed the system, an eternal cycle. Is 0.19 really that strong? Do you believe it or not? Jumping in at the rebound? I think you just want to experience the joy of being trapped. Short-term trading, only a few always profit. This bearish outlook seems to have no real issues, but who knows. Is it time to cut losses again? So annoying. With such high volume, yet still falling, it means everything is clear. See you at 0.16, or maybe we'll just drop straight to 0.14.

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TradingNightmare

· 01-08 08:48

Here comes the harvest again. This wave, the big players are really ruthless—once there's a limit-up, they all run, and no one is left to pick up the bag.

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StopLossMaster

· 01-08 08:47

This is the leek harvest machine. How are the guys who bought in at the high now?

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AlwaysQuestioning

· 01-08 08:39

It's the same old trick again, those who buy high are going to have to cut their losses. The manipulators' tactics are really damn clever; they start bleeding out at 0.22, with no defense. Try to test the waters at 0.18 rebound, but don't expect too much. This wave is really only suitable for shorting to take profits; the group trying to bottom fish are probably going to get trapped again. Based on experience, it’s likely to drop to around 0.14. ZKP just has this nature, it dies after hype. Short sellers, seize the opportunity to take profits, don’t be greedy and wait until 0.19 to run.

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UncleLiquidation

· 01-08 08:37

Zhuangzi is starting to harvest the leeks again, this wave is really awesome. The fireworks market surged up like a waterfall and then dropped down, it's all about mental state. All the big funds at 0.22 have already run away, now is the time to watch the show. It's the same old story: don't bottom out, wait for a rebound, try small positions—easier said than done. At 0.16, bearish outlook, this level is interesting, let's try testing it downward.

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