Zero Knowledge Proof's Daily Presale Auction Draws Investor Attention Amid Mixed Market Signals for ETH and DOGE

The cryptocurrency market in December is showing signs of renewed momentum, with major assets like Ethereum (ETH) and Dogecoin (DOGE) displaying key technical levels. However, a significant portion of investor focus has shifted towards a new project, Zero Knowledge Proof (ZKP), and its ongoing daily presale auction.

Ethereum's price action is at a critical juncture, testing the $3,100 level and the 20-day Exponential Moving Average (EMA), which has acted as resistance since October 10. A decisive break above this barrier could propel ETH toward $3,470, while a failure might see it retreat to the $2,850 support zone where large holders are expected to step in. Technical indicators present a mixed picture, with the RSI flattening below neutral and the Stochastic oscillator hinting at a potential bullish shift.

Meanwhile, Dogecoin continues to find strong support around the $0.08 level, an area identified by on-chain data as a major cluster for holder cost basis. This support has provided stability, with DOGE currently trading near $0.152 and targeting $0.18. The next significant resistance is seen at $0.20, a level where profit-taking may occur.

The central narrative, however, revolves around the Zero Knowledge Proof presale auction. The project is conducting its token sale through a unique daily auction format, releasing 200 million ZKP tokens each day from a total presale supply of 90 billion. The mechanism is designed to reward early participants, as the auction price increases with daily demand. The project claims its network, valued at $100 million, is already operational, signaling advanced market readiness.

Analysts and sponsored content suggest that entering the auction in its early stages could offer a significant advantage, as exchange listing prices are expected to reflect the higher prices seen in the final auction rounds. This model has attracted investors seeking a structured entry point amidst broader market volatility, with Litecoin (LTC) also mentioned as trading cautiously near $84.