ZK faces mounting selling pressure, down 34% over the past month with technicals painting a grim picture. The token has slipped below major moving averages, RSI hovering around 37—deep into oversold territory. Traders are eyeing $0.025 as the critical support level; a break below could trigger further cascades.

Beyond the price action, sentiment shifted when ZKsync Lite's sunset announcement loomed for 2026. While the project pushes its Era-focused roadmap, long-term holders worry about implications for the broader ecosystem. The macro backdrop isn't helping either—Bitcoin dominance at 59% continues to drain capital from altcoins, putting additional weight on smaller cap assets like ZK.