LayerZero Price Retests Its February Ceiling Before Unlock

ZRO has more than doubled since mid-September inside a steady rising channel. The rally has reached the price zone where February’s rally on Citadel and ARK backing ran out of steam. A monthly unlock for strategic partners and core contributors lands on October 20. Lighter breakout volume and fading momentum point to consolidation risk near resistance. LayerZero’s ZRO token traded near $2.32 on Monday after a four-hour breakout carried it as high as $2.434 before sellers trimmed the move, leaving the token up about 14% over 24 hours and 17.6% over the week.

Source: ETHNews