ZRO/USDT Technical Analysis
LayerZero is strengthening its position in the multi-chain ecosystem. The protocol recently proposed to merge Stargate (STG) — a well-known bridge — through a $110 million ZRO token swap. While a large token unlock is creating short-term supply pressure, this merger could bring new value and utility for ZRO. The market is now reflecting both the growth potential and selling pressure on the charts.
Analyzing the chart on a daily time frame, we see that ZRO has been trading inside a wide range between $1.65 and $3.35 for quite some time. Liquidity seems to be building up within this range, and the current price is close to the lower band. The $1.65 level is a strong support zone where buyers have stepped in multiple times before. As long as ZRO holds above this level, a bounce toward the mid-range is possible. The first resistance area sits between $1.89–$2.08, followed by $2.58 and $2.76.
The top of the range, $3.35, is the major resistance and would confirm a trend reversal if broken. A successful breakout above this area could open the way to $4.06–$4.34 targets.
On the other hand, losing the $1.65 support could send the price down toward $1.45–$1.28, though this lower area is not yet a confirmed support zone.
- Support and Resistance Levels
- Support levels: $1.65 → $1.45 → $1.28
- Resistance levels: $1.89 → $2.08 → $2.58 → $2.76 → $3.35
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
