ZAMA jumps 15%, but can buyers clear THIS hurdle?
Photo: AMBCrypto
Zama Protocol [ZAMA] gained more than 15% over the past 24 hours, taking its weekly gains above 11%. The rebound accompanied increased on-chain activity as traders looked ahead to an upcoming report discussion. However, exchange positioning showed that conviction varied. With ZAMA approaching descending channel resistance, buyers still had a hurdle to clear. What is supporting ZAMA’s recovery? ZAMA traders had a possible “buy the rumor” catalyst approaching. The Rollup scheduled its Q3 Shielded report episode for the 2nd of November. The discussion featured participants from Bitwise, Hypernative, Zerion, and Utila.
Source: AMBCrypto
