ZKsync Price Surges 90% on Vitalik’s Comments: What’s Next?

ZKsync Price soared by 45% in the last 24 hours, continuing a sharp upward movement after gaining 90% over the past week. ZK token now trades above $0.062, maintaining momentum within an ascending channel. 

While ZK emerges as a top performer today, broader crypto markets remain mixed. Major coins like Bitcoin price, Ethereum, and XRP show slow signs of recovery.

ZKsync Surges After Vitalik Endorses

The latest Atlas update of ZKsync has elicited a lot of attention after being massively recommended by Ethereum co-founder Vitalik Buterin. On November 1, Buterin referred to the upgrade as underrated and valuable, with its ability to handle more than 15,000 transactions per second and a finality of less than a second.

The upgrade was first announced by ZKsync founder Alex Gluchowski, who noted it had an institutional grade of scalability and cross-chain interoperability. Gluchowski has observed how the system was willing to facilitate asset tokenization and the smooth circulation of liquidity on Ethereum-based Layer-2 networks.

Buterin was publicly endorsing the fact that ZKsync was gaining technical superiority in the zero-knowledge (ZK) rollup arena. His comments had caused a new wave of investor confidence and speculative attention in the crypto market. On the social media site X, Buterin commended ZKsync to making significant contributions to the development of the ETH price, although it usually went unnoticed.

How High Can ZK Price Go In November?

As of the reporting, the ZK price traded around $0.064, reflecting an increase in the last four hours. 

The Relative Strength Index (RSI) is at 65, which is indicative of a slightly overbought situation.

The MACD indicator still reflects the bullish strength, whereby the blue signal is still above the orange. This crossover helps the continuation of the positive mood, but traders should observe early signs of divergence

The resistance is immediate on the ZK price, ranging at around $0.065 to $0.068, which is at the top of the rising channel. The price may break out of this zone and head to the next levels of $0.080 emphasized and further on to $0.100, should the momentum hold.

On the negative side, the support zone is between $0.060 and $0.058, and past consolidation has taken place. Any decrease below this level may start a short-term reversal to a point of $0.050, and then buyers may make another recovery.