Zhipu AI (ZHIPU) Pre-IPO Price Prediction: Buyers still have the edge, but momentum has not fully reset

What happened and why it matters

Zhipu AI (ZHIPU) is bid at $61.60, up 11.72% over the last 24 hours, on $50.0 million of Binance Futures volume. The move matters because it has pushed price back to the 20-day SMA at $61.24, which is now acting as the first line of technical balance rather than a clear breakout point.

The tape is not one-sided. Binance Futures shows positive 8-hour funding at 0.1265%, which means longs are paying shorts, and that usually reflects crowded bullish positioning rather than clean upside confirmation. Open interest is still large at 237,877.45 contracts, but it fell 4.19% over 24 hours, suggesting some leverage came off even as price rose.

Positioning is bullish, but not decisive

The Binance global accounts long/short ratio sits at 2.7216, with 73.1% long and 26.9% short. Top-trader accounts are even more skewed, at 3.0096, with 75.1% long and 24.9% short. Taker flow is also leaning positive, with a 1.1726 buy/sell ratio and buy volume of 40,006 versus sell volume of 34,117.

That combination says buyers are active, but it does not guarantee follow-through. Long-heavy positioning can help fuel continuation if spot keeps rising, but it also leaves the market vulnerable to a sharper unwind if support breaks.

Technical structure: recovery, but resistance is close

ZHIPU is sitting above the 7-day SMA at $56.88 and the 12-day EMA at $59.02, which is constructive for short-term trend repair. But the 50-day SMA is still up at $71.04, so the medium-term trend has not been reclaimed.

Momentum remains mixed. Daily RSI at 46.95 is neutral, not overbought. The MACD reading is -4.5194 with a flat histogram at 0.0000, which points to momentum that is still weak even after the bounce. Stochastic readings at 42.36 and 33.89 suggest the move has room to extend, but they do not yet show a strong breakout impulse.

The current price is also just above the Bollinger middle band at $61.24, with the upper band at $71.80 and the lower band at $50.68. That places spot near the center of the recent range rather than in trend-expansion territory.

Key levels traders will watch

The immediate pivot is $60.22. Holding above that level keeps the recovery intact. Immediate resistance sits at $65.84, followed by strong resistance at $70.07. On the downside, immediate support is $55.99 and strong support is $50.37.

The cleanest read is that ZHIPU has regained short-term traction, but it still needs to clear overhead resistance before the move can be treated as a more durable trend shift. If price loses the mid-$60s rejection zone and slips back below $60.22, the market likely refocuses on $55.99 and then $50.37. If buyers absorb supply near $65.84, the path opens toward $70.07, where the next test of conviction likely sits.