**ZKsync Price Surges 120% Following Vitalik Buterin’s Endorsement and Atlas Upgrade**
ZKsync price soared by 120%, hitting $0.74 on Sunday, following Ethereum co-founder Vitalik Buterin’s praise of the project’s contributions to Ethereum scalability. The rally gained momentum after ZKsync announced its major “Atlas” upgrade, which introduces faster, more interoperable, institutional-grade payments.
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### Vitalik Buterin’s Endorsement Sparks Market Optimism
The price surge began on Friday when ZKsync founder Alex Gluchowski revealed the launch of the **Atlas upgrade**. This update highlights key improvements, including institutional-grade scalability, interoperability, and enhanced transaction speeds. Gluchowski explained that the upgrade enables Layer-2 protocols to leverage Ethereum for liquidity and attract new institutional capital flows, particularly for cross-chain transactions and asset tokenization.
Vitalik Buterin responded positively to this announcement, posting on X that ZKsync has been undertaking significant yet underrated work within the Ethereum ecosystem. His endorsement triggered immediate bullish market activity.
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### Rapid Price Movement and Trading Volume Spike
At the time of Vitalik’s initial comment, ZKsync was trading around $0.03. By the close of trading on Saturday, the price had surged 50% to $0.055. The rally continued into early Sunday, pushing the token price all the way to $0.74.
Alongside the price rally, ZKsync’s trading volume skyrocketed by 1,500%, confirming that this 122.4% price increase was driven primarily by recent developments and market enthusiasm sparked within the last 24 hours.
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### Prividium: A New Privacy-Focused Layer for Institutional Use
Earlier in October, ZKsync unveiled **Prividium**, an Ethereum-anchored, private, permissioned Layer-2 solution designed to combine institutional privacy with public verifiability. Key features of Prividium include:
– Instant cross-border settlements
– Zero liquidity fragmentation
– Atomic transactions capable of exceeding 15,000 TPS with one-second latency
ZKsync also confirmed that over 30 major institutions, including Citi, Deutsche Bank, and Mastercard, have joined as observers to explore the capabilities of Prividium.
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### Market Cap and Institutional Interest on the Rise
Following the Atlas upgrade announcement and Buterin’s remarks, ZKsync’s market capitalization surged toward $600 million, marking its highest level since May 2025. The combination of technological upgrades and increasing institutional interest positions ZKsync favorably within the Ethereum ecosystem.
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### Technical Analysis: Falling Wedge Breakout Validates $0.085 Target
ZKsync’s price action confirms a long-term falling wedge breakout above $0.70, overcoming an initial failure during the October 10 market crash. According to the Aroon indicator:
– **Aroon-Up line:** 100%
– **Aroon-Down line:** Approximately 78.57%
This crossover suggests the beginning of a new uptrend cycle after weeks of downward exhaustion.
Further confirming positive momentum, the daily candle shows a decisive breakout above major moving averages — the 50-day, 100-day, and 200-day SMAs are all clustered around $0.056. This convergence indicates that most recent ZKsync buyers are currently in profitable positions.
The Relative Strength Index (RSI) rose sharply to 76.13, entering overbought territory. While this signals strong upward momentum, it also warns of potential short-term exhaustion if profit-taking occurs near the $0.072–$0.075 resistance range.
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### Outlook and Potential Risks
Despite the broader crypto market facing uncertain macroeconomic headwinds, ZKsync holders have limited reasons to exit positions at this time. Looking ahead, ZKsync could extend gains to **$0.085**, supported by a sustained influx of buy orders, as reflected in the 1,200% increase in trading volume.
On the downside, failure to maintain support above the 100-day SMA at $0.056 may trigger a brief retracement toward the $0.045 supply zone, near the 200-day moving average.
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### Disclaimer
Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be considered financial or investment advice. Market conditions can change rapidly. Readers are encouraged to conduct their own research and consult professional advisers before making any investment decisions based on this content.
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