ZKC has been quite volatile lately, soaring sharply then plunging back. Within 10 hours, it jumped from $0.0998 to $0.1182, followed by a clear retracement. What's really behind this intense fluctuation? Let's take a closer look.

**The Story of Trading Volume**

When the price surged rapidly, trading volume also increased significantly, indicating that there are quite a few bullish voices. But don’t rush to buy in just yet, because subsequent capital outflows are also quite strong—especially in the past two hours, large investors’ outflows and total outflows have been quite noticeable, roughly synchronized with the price drop. This suggests that the market has both buyers chasing the high and some traders fleeing at the top.

**Technical Details**

ZKC has indeed broken through a key resistance level this round, with short-term, mid-term, and long-term EMAs all aligned bullishly, which is a good sign. Interestingly, after the sharp decline, the price stabilized at a critical support level, showing signs of a rebound. However, it’s important to note that ATR (Average True Range) and standard deviation are both rising, indicating increased volatility, which could lead to faster swings in either direction in the future.

**Overbought Warnings**

The most noteworthy point is that the RSI earlier today entered an extreme overbought zone. This usually signals that a correction or consolidation might occur in the short term, so traders going long should be mentally prepared. The capital flow data shows activity, but it’s not concentrated in a few whales, which suggests decent market participation but also a lack of strong, unified momentum.

**Community Sentiment**

The discussion mainly leans bullish, with many celebrating this breakout, but there are also seasoned traders warning newcomers not to get caught up in FOMO, as a retracement might still happen soon. This clash of opinions actually reflects the market’s true state—opportunities coexist with risks.

Overall, ZKC’s technical outlook has some positive signs, with a breakout and EMA alignment supporting short-term upward movement. But rising volatility, large investors selling at the top, and RSI overbought signals all point to the risk of a pullback. Those looking to chase now should wait for a more reasonable entry point.