Can ZRO break through the $2.35 resistance level after surging 40% against the trend?
1OpportunityBullishLayerZero cross-chain expansion
2RiskModerateOverbought correction pressure
3ActionBullishBuy on support retest
🎯 Opportunity (Bullish 📈)
Institutional driving momentum: ZRO continues to show remarkable resilience, trading around 2.105 USDT, with steady demand from institutional buyers. The recent 40% surge decoupled from the broader fearful market sentiment, suggesting that the integration with Starknet and a $10M token buyback helped strengthen underlying fundamentals.
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🚨 Risk (Moderate 🤔)
Potential overheating of momentum: Although ZRO absorbed its 25.71M token unlock successfully, the RSI exceeding 79 and short-term funding rate turning slightly negative indicate growing risk of a technical cooldown. If enthusiasm fails post-event, correction may retest lower supports.
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⚡ Action (Bullish 📈)
Buy on support retest: Market momentum favors cautious accumulation near local supports. Short-term traders should aim for breakout plays toward the $2.35 zone, while medium-term positioning seeks strength once volatility settles
