Lokesh Gupta
11-07-2024
$ZRO price breached its previous high, reaching a new all-time high of $4.540.
Bulls failed to sustain the level, causing the price to pull back and hover around $4.000.
The chart reveals a series of bullish candlesticks with higher highs and higher lows, signaling a possible continuation of the upward trend.
#LayerZero (ZRO) is exhibiting strong bullish signals, suggesting the potential for further price appreciation.
On the 4-hour chart, #LayerZero is trading above its Moving Averages.
The sentiment has shifted from negative to positive, which is a promising indicator and could potentially propel the altcoin towards a new all-time high of $5.00.
According to Coingabbar Prediction, If the price breaches fail and ZRO falls to $3.8 or lower, it might drop to $3.4.
KEY LEVELS :
RESISTANCE LEVEL : $4.900-$5.650
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.
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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