ZKsync price has rallied 170% from recent lows and continues its bullish momentum as it resets for the next move, driven by a major tokenomics overhaul.
Summary
- ZKsync price has surged ~170% from its post-October-10 low of $0.028 to $0.075, with support now holding at $0.048 and a bullish HH-HL structure intact.
- The “From Governance to Utility” framework aims to convert ZK into a utility-bearing token, funding buybacks, burns, staking rewards, and ecosystem grants.
ZKsync price technical analysis
ZKsync (ZK) price continues its bullish momentum, having rallied ~170% from the recent low at $0.028 to the $0.075 peak. Following the surge, the price has flipped the $0.045 zone into key support on the first pullback and is now consolidating above $0.048 local support, which aligns closely with the daily 9 EMA for confluence.
For now, this appears to be consolidation rather than reversal, as ZK price remains above the previous higher low of $0.045, keeping the HH-HL structure intact. It’s also holding above the 9 EMA, which means that buyers still control short-term momentum. Additionally, the BBWP volatility gauge has begun to contract after reaching extreme levels at the top of the rally — a sign that the market may be resetting volatility before its next move.
If ZKsync price continues to hold above $0.048 while volatility compresses, it could set the stage for a continuation breakout once momentum expands again. A 4H or daily close above $0.067 would confirm renewed strength and open the door for a retest of the $0.075 high, while a breakdown below $0.045 would invalidate this structure and risk a deeper retracement toward $0.030.
What’s driving ZKsync rally?
The current ZKsync price momentum appears to be driven by the network’s evolving tokenomics. Earlier this week, Matter Labs CEO Alex Gluchowski introduced a comprehensive framework called “From Governance to Utility: ZK Token Proposal, Part I.” The initiative outlines how on-chain activity and enterprise adoption could directly feed economic value back into the ZK token ecosystem, marking a significant shift from its original role as a just a governance token.
Under this proposal, ZKsync aims to establish two primary revenue streams: interoperability fees collected across its Layer-2 rollups and off-chain licensing revenue from institutional tools built on the protocol. These funds would be used to buy back ZK tokens from the open market, with the acquired tokens then split among three destinations — periodic burns to reduce supply, staking rewards for decentralized operators, and ecosystem grants to support developers and public goods.
It appears that the staking component of the ZKnomics framework is now set to go live following the recent passage of TPP-12, allowing ZK token holders to participate in a pilot staking program.
