ZORA shot up directly by 10% in one hour! Are you feeling both excited and scared? Afraid of being trapped if you chase, and afraid of missing out if you don't. Don't panic, Zhouyi uses professional analysis + data to tell you: Is this surge a real breakthrough or just a false celebration?
Technical breakdown:
The 1-hour chart shows a clear increase in volume, with the MACD above the 0 axis, indicating that the trend is still rising steadily, which suggests short-term momentum is still present. However, the key resistance level has already been locked in:
First resistance: 0.05244 (intraday resistance)
Second resistance: 0.05331 (pullback resistance)
If it can't break through 0.05331, it will definitely turn back!
Support below is at 0.05165 (the dividing line between bulls and bears), if it breaks, then look for 0.05073, or even 0.04984.
News support:
ZORA's 24-hour trading volume has exceeded $23 million, with a market capitalization of $230 million, showing high short-term enthusiasm. However, such low market cap coins are prone to wild swings; if a whale sells slightly, retail investors cannot hold on. Currently, there is no sudden positive news, this wave of rise is more about capital rotation + emotional push, sustainability is questionable.
I Ching's viewpoint:
I think ZORA will find it difficult to hold above 0.053 today; it is highly likely to encounter resistance and fall back between 0.05244-0.05331, testing the support at 0.05073. Although the MACD has crossed bullish now, if the volume does not keep up, the drop can be severe.
Summary: In the short term, it is possible to ride small rebounds, but be wary of pullbacks in the medium term!
I Ching suggests:
Existing position: Reduce positions in batches within the range of 0.05244-0.05331, don’t be greedy!
Want to get in: Wait for a pullback to around 0.05073 for a light position to try long, with a stop loss placed below 0.04984.
Empty warehouse waiting: Hold on! Wait for the direction to become clear, break through 0.05331 or fall below 0.05073 before taking action.
The rhythm of ZORA has become commonplace, the I Ching has compiled a document on the 'Next Day Trend Patterns of Soaring Coins'. If you want to avoid pitfalls and follow the trend, join the I Ching Village. Every day I will provide key points in advance in the village, after all—market conditions do not wait for anyone, but you need to keep up with those who understand the market!#加密市场观察
