ZKsync price rallies 170% in 2 days as ZK token moves toward utility

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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. ZKzync price 4H chart | TradingView 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…