Lokesh Gupta
05-07-2024
$ZRO token formed a high of $4.254 on July 3rd, 2024, after recovering from a swing low of $2.466 on June 27th.
Following a sharp sell-off over the last three days, ZRO Token fell nearly 36% from its recent high.
Despite challenging market conditions, Layerzero has shown notable strength, suggesting potential for a bullish reversal.
Buying pressure has gradually increased after enduring significant selling pressure recently.
Over the past eight hours, the token has surged by 20% and is forming consecutive green candles.
Therefore, the token is expected to end the day on a bullish note, potentially leading to a strong recovery above the key resistance at $3.750 over the weekend.
According to Coingabbar Prediction, If bulls maintain this rally, ZRO could once again achieve a new all-time high.
KEY LEVELS :
RESISTANCE LEVEL : $3.950-$5.000
SUPPORT LEVEL : $2.800-$2.000
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.
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.
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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