Layerzero Price Prediction: Will ZRO Plummet to Zero?

LayerZero has a $496M market cap and $224M trading volume

• After multiple attempts, #LayerZero breached resistance on July 20th, hitting a new high of approximately $5.560.

• However, bulls were unable to sustain the gains, leading to a price drop that mirrored #Bitcoin and #Ethereum.

• The $ZRO token is currently hovering around its previous resistance level.

• On the hourly chart, LayerZero is trading below the 20, 50, 100, and 200-day moving averages.

• According to Coingabbar Prediction, If the market regains momentum, #LayerZero could test its all-time high (ATH) of $5.600 in the coming weeks.

• Conversely, if bears take control and the price falls below $4.500, ZRO might retest its support level at $3.500.

KEY LEVELS :

RESISTANCE LEVEL : $5.000-$5.600

SUPPORT LEVEL : $4.000-$3.500

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.