ZKC's recent trend is indeed quite interesting—supported by a 24-hour trading volume of 63.78 million USDT, the price has risen by 6.35%, and in just a few days, it has surged over 15%. However, a clear pullback has followed shortly after. This pattern of rising sharply and then retracing indicates that market sentiment is shifting rapidly.

From a technical perspective, the situation is somewhat complex. On one hand, ZKC experienced a deep decline over 60 days (a total drop of 61%), but the recent rebound has been quite strong. The RSI has already fallen below 30 into the oversold zone, which usually suggests short-term upward momentum potential. On the other hand, the MACD has shown a bearish crossover, with the histogram turning negative, indicating that short-term market momentum is indeed showing signs of turning downward.

Even more interesting is the performance of the capital flow. The funding rate for perpetual contracts is negative, indicating continuous capital outflow, yet the spot market has quietly seen an inflow of 142,000 USDT. This suggests that some smart money is quietly building positions, believing that this price level offers a bottoming opportunity. However, during recent price peaks, there was also a large outflow of over 520,000 USDT, clearly indicating some investors are taking profits.

Community discussions are somewhat divided. Some are optimistic about the recent rebound, expecting further gains; others warn to be cautious of FOMO-driven chasing risks and recommend waiting for a more stable pullback before considering entry. Whether this is a genuine rebound or a trap remains uncertain at this point.