ZKsync's native token just took a nasty hit—down nearly 11% in the last day alone. While the broader crypto market bled out 6%, ZK managed to lose almost double that. Zoom out to the weekly chart? We're looking at a brutal 12.4% decline that shows no signs of stopping.

What's fueling this selloff? Three things converged at the worst possible time. Technical support levels crumbled, opening the floodgates for panic sellers. Then came the 173 million token unlock—massive supply hitting an already fragile market. Layer on top the industry-wide risk-off mood, and you've got a perfect storm.

Traders are now eyeing the $0.037 zone as the next critical battleground. Whether that level holds or breaks could determine if this is just a correction or the start of something worse.