Layerzero Price Prediction: Is ZRO Ready to Flip the Script?

05-Jul-2024 By: Lokesh Gupta
Layerzero Price Prediction: Is ZRO Ready to Flip the Script?

ZRO daily chart indicates bullish sentiment buying from lows

  • $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.

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