ZKsync (ZK) has captured market attention after surging 45% in the last 24 hours, extending its remarkable 90% weekly rally. The ZK token is now trading above $0.062, maintaining strong momentum within an ascending channel, while the broader crypto market remains mixed with Bitcoin, Ethereum, and XRP showing mild recovery signs.
The recent rally gained traction following Ethereum co-founder Vitalik Buterin’s public endorsement of ZKsync’s latest Atlas upgrade. On November 1, Buterin praised the upgrade as “underrated and valuable,” highlighting its ability to handle over 15,000 transactions per second with sub-second finality. His comments fueled investor optimism, pushing ZKsync into the spotlight as a leading Layer-2 (L2) scaling solution.
ZKsync founder Alex Gluchowski had earlier announced that the Atlas update delivers institutional-grade scalability and cross-chain interoperability. He emphasized its role in enabling asset tokenization and efficient liquidity flow across Ethereum-based networks. Buterin’s endorsement further validated these claims, sparking renewed interest in zero-knowledge rollup (zk-rollup) technology, which plays a crucial role in Ethereum’s long-term scalability vision.
At press time, ZK trades around $0.064, up slightly in the past hours. Technical indicators show a bullish bias — the RSI at 65 suggests mild overbought conditions, while the MACD still signals upward momentum with the blue line above the orange. Immediate resistance is seen at $0.065–$0.068, with potential targets at $0.080 and $0.100 if momentum sustains. On the downside, strong support lies between $0.058–$0.060; a break below could trigger a pullback toward $0.050 before another rebound.
With Vitalik’s backing and strong market sentiment, ZKsync remains one of the most promising Ethereum scaling solutions to watch this November.
Comment 0