Layerzero Price Prediction: Could $10 Be Next Stop for ZRO?

LayerZero sees bullish surge in trading, derivatives volume

• $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.