The ZORAUSDT chart on the daily timeframe shows a prolonged downtrend from its highs in August, now trading at $0.05173 with a negative move of -3.18% on the day . Despite brief momentum spikes in September and October, price action has mostly failed to establish a sustained upward trend, instead forming lower highs and lower lows.
Given that overall crypto market capitalization is still in a bearish channel, this environment is unfavorable for most altcoins, including ZORAUSDT. Unless broader market sentiment shifts, ZORAUSDT is likely to remain under pressure, with buyers lacking conviction and risk of further declines if support levels breakdown.
