Will ZKWASM Price Rally Sustain After 20% Intraday Surge?

The ZKWASM price has recently caught investors’ attention after a sharp 20% rally within the last 24 hours of the day. This move adds to its August uptrend, which is continuing to strengthen. 

Also, this momentum is supported by higher trading volumes, market cap growth, and technical chart signals. Many traders are now keeping ZKWASM on radar as they believe another upside price movement is likely. Keep reading to know more.

ZKWASM Price Today Shows Strong Market Activity

Recently, the ZKWASM price today has surged magnificently, marking a significant gain on the hourly chart. This sharp move came right after the token flipped its mid-August resistance into support, signaling technical strength. 

Per the CoinMarketCap data, the ZKWASM has $5.54 million in daily trading volume and $6.98 million market cap, and these offchain data increases suggest growing trader participation.

Moreover, nearly 10% of the total supply which is around 102 million tokens are out of circulation out of a 1 billion maximum.

This healthy activity suggests that liquidity is improving and investors are building confidence in ZKWASM’s market presence.

Community and Credibility Fuel Investor Confidence

Beyond the ZKWASM price chart, even the community growth has been another bullish driver, which seems to be working fabulously in August. 

Earlier this month, Delphinus Labs announced that it is in the process of submitting a CoinGecko listing and verification request. 

Soon after this announcement in early August, this transparency was paired with KuCoin’s August 6th giveaway of 50,000 tokens. The efforts to boost adoption and strengthen credibility are clearly seen.

ZKWASM Price Forecast Supported by Technical Outlook

From a technical perspective, the ZKWASM price chart has flipped critical resistance levels and is showing sustained bullish momentum. 

Also, the recent intraday gains of 20% hint at strong buyer demand, while projections suggest further potential. Some traders expect ZKWASM price USD to test $0.08121 in the short term, with an optimistic scenario pointing toward a possible $0.10 close for August.