ZKsync Price Faces Crucial Test as 3.3% of Supply Set to Unlock Next Week

ZKsync's price has experienced a recent pullback after a major 200% rally but remains optimistic by holding key support levels. The market now wonders if this momentum can endure the selling pressure expected from an upcoming token unlock.

Key Takeaways:

ZKsync's price surged by 200%, reaching a peak of $0.085 before settling around $0.060.
The upcoming unlock of 173.08 million ZK tokens (3.3% of circulating supply) may create short-term selling pressure.
Maintaining support at $0.045 is crucial for the bullish trend to continue.
ZKsync has plans for a significant tokenomics change to improve utility and revenue streams.

ZKsync price

ZKsync Price Technical Overview

ZKsync

ZKsync (ZK) has recently climbed impressively by 200%, moving from around $0.028 to a maximum of $0.085. Currently, ZK is trading near $0.060, maintaining its position above a local support range of $0.050 to $0.055.

Despite breaking the short-term uptrend line from the rally, ZK's price remains above the 0.618 Fibonacci level. Staying above this level indicates that any pullback is a healthy correction rather than a sign of an upcoming reversal. Additionally, ZK is trading above the 9 EMA and is testing the 21 EMA, with a bullish crossover between the two approaching.

As long as ZK stays above the previous low of $0.045, the bullish market structure remains intact, and this current consolidation phase is seen as part of a larger uptrend.

ZKsync price faces test as 3.3% of released supply set to unlock next week - 1
ZKsync price 4-hour chart | TradingView

Can Support at $0.045 Withstand the Upcoming Token Unlock?

Recently, a bullish technical structure has been taking shape for ZKsync as the platform prepares for an upcoming token unlock. A total of 173.08 million ZK tokens, which constitutes about 3.37% of the circulating supply and is currently valued at around $10.31 million according to Tokenomist, is set to be unlocked on November 17. This may result in short-term selling pressure; if the price drops below $0.045, it could lead to a more significant decline toward the 0.786 Fibonacci level at $0.40.

However, the ZK price has a solid chance of overcoming the selling pressure associated with the unlock, particularly given that ZKsync is currently attracting attention due to a potential overhaul of its tokenomics. Last week, Matter Labs' CEO Alex Gluchowski introduced the proposal titled "From Governance to Utility: ZK Token Proposal, Part I". This initiative suggests transforming ZK into a utility token.

The proposal outlines plans for ZKsync to establish two primary revenue streams: interoperability fees collected from its Layer-2 rollups and off-chain licensing revenue from institutional tools built on its protocol. The funds generated from these streams would be utilized to repurchase ZK tokens from the open market, which will then be allocated towards:

The next phase for the $ZK token is to achieve real economic utility.

As interoperability and Prividiums move into production, the network focused on incorruptible finance is anticipated to harness the value it generates, directing it toward growth in the ecosystem.
— ZKsync (@zksync) November 4, 2025

This upcoming unlock and potential utility expansion could be pivotal for ZKsync's future trajectory, and many investors are keeping a close watch on these developments.