LayerZero Price Reaches $2.48, Faces Zone That Stopped It Many Times
Photo: Coindoo
Key Takeaways ZRO has moved into a $2.45-$2.60 multi-month resistance range. The range’s upper edge stopped many earlier rallies. $2.09-$2.15 is the first Fibonacci area beneath the advance. RSI above 75 shows strong but extended momentum. Testing a resistance range that has held since May ZRO traded near $2.44 after reaching about $2.48 on the daily chart. That brought it into the lower edge of the $2.45-$2.60 range, where price has encountered selling pressure before. The shorter-term structure has improved since mid-September. ZRO has broadly moved within a rising channel, with each meaningful pullback ending above the previous one.
Source: Coindoo
