zkPass Explodes Today: Is ZKP’s Monster Rally Real or About to Dump Hard?
zkPass Price Surges Nearly 53% After Upbit and Bithumb Listings, Binance Event Fuels Momentum
The price of zkPass (ZKP) recorded a sharp rally on December 26, climbing nearly 53% in just 24 hours as renewed trading activity swept through the market. The sudden surge followed high-profile exchange listings in South Korea and an ongoing Binance trading competition that significantly boosted volume and investor attention.
At the time of writing, ZKP was trading around $0.2093, up from a recent low near $0.149. The move marked one of the strongest short-term performances among newly listed altcoins this week, drawing interest from both retail traders and short-term speculators.
According to hokanews analysis, the rally reflects a convergence of three key drivers: expanded exchange access in Asia, promotional incentives tied to Binance, and a recovery phase following heavy post-airdrop selling earlier this month.
Major Korean Exchange Listings Drive Liquidity Surge
The most immediate catalyst behind the rally was zkPass’s listing on Upbit and Bithumb on December 26. These two platforms dominate South Korea’s cryptocurrency market and are often viewed as powerful price accelerators for newly listed assets.
Upbit, in particular, consistently ranks among the world’s highest-volume exchanges, regularly processing more than $1 billion in daily trades. A listing on such a platform dramatically improves a token’s visibility, accessibility, and perceived legitimacy, especially among Asian retail traders.
Market data following the listings showed an immediate jump in ZKP liquidity, with bid-ask spreads tightening and buy orders increasing across multiple trading pairs. Historically, South Korean exchange listings have played a decisive role in short-term price discovery, often triggering sharp inflows as new investor segments gain access to a token for the first time.
For zkPass, the listings marked a significant expansion beyond its initial trading venues, positioning the token in front of one of the most active retail crypto markets globally.
Binance Trading Competition Amplifies Buying Pressure
Alongside the Korean exchange listings, zkPass is currently featured in a trading competition hosted by Binance on the BNB Smart Chain. The event, which began on December 23 and runs through January 6, offers a total reward pool of 1.25 million ZKP tokens.
Trading competitions are known to create artificial demand by incentivizing volume rather than long-term holding. In this case, on-chain and exchange data indicate that ZKP trading volume jumped more than 280% during the early stages of the campaign.
Higher volume helped absorb sell orders that had previously weighed on the token following its airdrop distribution. As sell pressure eased, price momentum quickly shifted upward, allowing ZKP to break out of its recent consolidation range.
Beyond the mechanical impact of increased volume, Binance’s promotion of the competition also enhanced zkPass’s credibility. Visibility on Binance platforms often attracts short-term traders who closely monitor exchange-led campaigns for momentum opportunities.
Recovery After Post-Airdrop Sell-Off
Before the current rally, zkPass had experienced notable downside pressure following its airdrop on December 19. As is common with newly distributed tokens, many early recipients moved quickly to sell their allocations, resulting in a price decline of roughly 25% shortly after listing.
This selling phase pushed market sentiment into fear territory. According to broader crypto sentiment indicators, the Fear and Greed Index rose only modestly from 21 to 27 during this period, signaling caution rather than optimism.
However, hokanews notes that heavy airdrop selling often clears weaker hands from the market, creating conditions for recovery once new demand emerges. The combination of Korean exchange listings and Binance incentives appears to have provided the spark needed to reverse sentiment.
As selling pressure diminished, ZKP began forming higher lows, setting the stage for the sharp breakout observed over the past 24 hours.
Technical Signals Turn Bullish
From a technical perspective, zkPass’s recent price action suggests a potential trend reversal. Chart data shows that ZKP rebounded strongly from oversold conditions, with momentum indicators shifting in favor of buyers.
The Relative Strength Index had previously dipped near 14, an extreme oversold reading that often precedes corrective rallies. The subsequent price surge indicates that the market responded to these conditions with aggressive buying.
Meanwhile, the Moving Average Convergence Divergence indicator has turned positive, signaling strengthening upward momentum. ZKP is now testing a key resistance zone around $0.22. A decisive break above this level could open the door to a move toward $0.25, according to short-term technical projections monitored by hokanews.
Still, analysts caution that resistance levels often attract profit-taking, particularly when driven by promotional events rather than organic adoption.
Can the Rally Continue?
Whether zkPass can sustain its upward momentum remains uncertain. The current rally has been driven primarily by exchange listings and a time-limited trading competition, both of which are temporary catalysts.
Historically, assets that surge during promotional campaigns often experience a cooling-off phase once incentives expire. Traders who entered during the early stages of the rally may look to lock in gains as the Binance competition approaches its conclusion.
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| Source: CoinMarketCap |
That said, market structure has improved compared to earlier in the month. If ZKP can hold above the $0.18 support level, it may establish a stronger base for continued upside. A confirmed breakout above $0.22 could attract additional momentum traders and push prices toward the $0.25 range.
Conversely, a surge in selling volume after the competition ends could trigger a short-term correction, particularly if broader market conditions weaken.
Broader Market Context
The zkPass rally is unfolding against a backdrop of mixed sentiment across the crypto market. While major assets remain volatile, traders continue to hunt for high-beta opportunities among newly listed tokens, especially those benefiting from regional exchange expansion.
South Korea’s influence on short-term price movements remains significant, and listings on platforms like Upbit and Bithumb continue to act as powerful liquidity events. Combined with Binance-led promotions, these factors can create rapid price dislocations, both upward and downward.
For zkPass, the coming days will likely determine whether the token transitions from event-driven momentum to a more stable post-listing phase.
Conclusion
zkPass’s nearly 53% price surge reflects a classic post-listing rally fueled by expanded exchange access, heightened trading incentives, and improving sentiment after a post-airdrop sell-off. Listings on major South Korean exchanges and a Binance trading competition dramatically increased visibility and volume, allowing the token to recover from recent lows.
While technical indicators currently favor buyers, the sustainability of the move will depend on ZKP’s ability to maintain support levels once promotional activity fades. As hokanews continues to monitor the market, traders are advised to remain cautious, recognizing that short-term rallies driven by events can be followed by periods of consolidation or correction.
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