$ZRO token price experienced a significant surge over the last four days, recovering from a swing low of $2.46 on June 27th, 2024.
#Layerzero has risen sharply, surpassing the $4 mark, marking a 52% increase within this period.
Technical indicators suggest a bullish reversal, with a rounding bottom pattern confirmed on the 4-hour chart, breaking above the $3 neckline.
A morning star pattern has formed at the broken neckline, indicating potential for further upward movement.
Currently, ZRO is forming a fifth consecutive bullish candle on the daily chart, achieving an All-Time High of $4.114.
ZRO maintains bullish momentum, well above the 50-day and 200-day SMAs, with RSI above 75.
According to Coingabbar Prediction, sustained support above $4.000 could extend the bull run towards the 1.618 Fibonacci level at approximately $4.434.
KEY LEVELS :
RESISTANCE LEVEL : $4.500-$5.600
SUPPORT LEVEL : $3.700-$3.200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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