ZK Technical Analysis Jan 29

ZK is trapped at the $0.02 level after an 8.19% drop in the last 24 hours. Despite oversold RSI, bearish momentum prevails; a breakdown below $0.0188 support carries critical risk over the next 24-48 hours.

Short-Term Market Outlook

ZK is trading at $0.02 as of January 29, 2026, and experienced a sharp 8.19% drop in the last 24 hours. The intraday range stayed between $0.02 – $0.03, with volume at a moderate $19.85M level. The short-term trend is clearly in a downtrend; price is positioned below EMA20 ($0.03) and the Supertrend indicator is giving a bearish signal, highlighting $0.03 resistance. Although RSI at 26.22 points to oversold territory, MACD with a negative histogram confirms bearish momentum. This combination offers potential for a quick bounce, but a cautious approach is necessary due to overall market weakness. In the last 24-48 hours, BTC’s downtrend is pressuring altcoins; intraday scalp opportunities for ZK are limited, and swing traders should keep invalidation points tight. In MTF context, there are 12 strong levels across 1D/3D/1W timeframes: weighted resistances (1D:1S/1R, 3D:2S/3R, 1W:2S/4R) reinforce the downtrend. Short-term targets: upside $0.0287 (score 44), downside $0.0188 (score 22). News flow is calm, so technical levels take center stage.

Intraday Critical Levels

Nearby Support Zones

Immediate support zone at $0.0195 – $0.0198 (for quick scalp invalidation). Critical main support at $0.0188; a break here accelerates momentum and increases risk of slippage to $0.0175. The $0.0244 level (score 77/100) should be watched as a near-term pivot support – a pullback here could form a bounce setup, but breakdown below current $0.02 is the priority scenario. For risk management, place stop-losses 0.5% below supports.

Nearby Resistance Zones

First resistance at $0.0244 (score 77), a break here tests $0.0287 (score 61). Upper resistance at $0.0370 (score 71) and Supertrend $0.03 line could create strong selling pressure. For intraday scalps, quick rejection at $0.0244 gives short bias; wait for volume confirmation on upside breaks. Keep these levels tight, avoid broad ranges.

Momentum and Velocity Analysis

Short-term momentum is bearish: MACD histogram is widening negatively, and despite oversold RSI, there’s no divergence – meaning sustainable bounce is weak. Velocity analysis shows no bearish Supertrend flip expected, staying below EMA20 preserves the downtrend. Intraday velocity is downward; 1H/4H momentum indicators (RSI<30 but falling) give additional sell signals. Oversold conditions open the door to scalp longs, but there’s a 70% chance of testing below $0.02. Volume at $19.85M is neutral, no spike – volume increase is required for momentum shift. In the 24-48 hour window, velocity remains bearish; quick invalidation above $0.0244.

Short-Term Scenarios

Upside Scenario

Bounce from $0.0195 support for quick retest of $0.0244 (trigger: RSI>35, volume spike). A break here targets $0.0287 (short-term upside target, score 44). Supported if BTC holds above $84,932. Invalidation: breakdown below $0.0188. Ideal for 1:2 risk/reward, but short-term volatility is high – limit positions to 1% of capital.

Downside Scenario

Break below $0.0195 accelerates to main target $0.0188 (score 22). Triggered if BTC drops below $84,432. Additional downside to $0.0175. Trigger: MACD new low. Invalidation: failed $0.0244 retest. This scenario has 65% probability, short zone for scalpers but trailing stops required.

Bitcoin Correlation

BTC at $84,614 with a 5.49% drop in downtrend; Supertrend bearish and rising dominance crushes altcoins. ZK has high correlation to BTC (beta>1.2); if BTC breaks $84,432 support, ZK gets dragged to $0.0188. Conversely, BTC breaking $84,932 resistance strengthens ZK bounce to $0.0244. Watch: BTC supports $84,432/$83,568/$80,679; resistances $84,932/$86,495/$87,457. ZK longs risky when BTC is weak – correlation 80+%.

Daily Summary and Watch Points

Today’s ZK focus: $0.0195/$0.0188 supports and $0.0244 resistance. Oversold RSI offers bounce hope but bearish indicators dominate. 24-48 hour scenario has down bias (65%), BTC correlation critical. Watch points: 1) $0.0195 breakdown as short trigger, 2) $0.0244 retest with volume for long test, 3) BTC below $84,432 cascade risk. Short-term trades are high risk; use 1-2% capital with tight stops. For more details, check ZK Spot Analysis and ZK Futures Analysis. If momentum doesn’t change, expect consolidation – don’t rush.