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

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.
For now, this appears to be consolidation rather than reversal, as ZK price remains above the previous higher low of $0.045, keeping the HH-HL structure intact. It’s also holding above the 9 EMA, which means that buyers still control short-term momentum. Additionally, the BBWP volatility gauge has begun to contract after reaching extreme levels at the top of the rally — a sign that the market may be resetting volatility before its next move.$ZK
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