zkSync’s ZK token experienced a 3.7% price decline in the last 24 hours but maintains a weekly gain of over 4%. Technical analysis indicates key resistance and support levels, while five U.S. regional banks launched a blockchain network using zkSync’s infrastructure for tokenized deposits.
The zkSync (ZK) token dipped 3.7% in the last 24 hours but held weekly gains of 4.53%. It traded at $0.01976 with a 24-hour volume of $29.54 million, according to data from CoinMarketCap. Market capitalization remained steady at $188.31 million amid strengthening momentum.
Technical analysis shows the price facing resistance near $0.0210, with support holding around $0.0190–$0.0195. A TradingView chart indicates the token is in a bearish trend, trading below the Ichimoku cloud.
Five U.S. regional banks teamed up with zkSync to launch the Cari Network. The blockchain-based network aims to support tokenized deposits and improve digital payments by integrating regulated banking systems with layer 2 technology.
The network allows FDIC-insured deposits to be tokenized and settled on the blockchain. This enables payments to be settled continuously without waiting for traditional banking hours.
