LayerZero (ZRO) has recently emerged as a top gainer, surging over +10% in the last 24 hours to reclaim strength amid a broader market rebound. This "pump" is significantly driven by investor anticipation surrounding a teased major ecosystem event scheduled for February 10, 2026. This countdown effect is encouraging preemptive buying as traders position themselves for potential integration news or new protocol milestones. Furthermore, $ZRO has shown a remarkable ability to absorb supply pressure; despite a large unlock of approximately 25 million tokens in late January, intense buying demand effectively flipped a potential "bearish" event into a bullish "unlock absorbed" narrative. This resilience is bolstered by a 30% surge in futures Open Interest, indicating that fresh leverage and high-conviction retail strength are driving the current move.
From a technical perspective, $ZRO is exhibiting a classic "V-shaped" recovery after establishing a firm demand zone between $1.58 and $1.60. The current price action is challenging the $1.70 resistance, with a successful daily close above this level likely opening the door for a retest of the psychological $2.00–$2.20 zone. This bullish momentum is supported by a bullish divergence on the 14-candle RSI, signaling a strong trend reversal from previously oversold conditions. Additionally, the LayerZero ecosystem is benefiting from increased institutional utility, such as Binance’s launch of TRIA perpetuals (a project built on LayerZero), which reinforces the omnichain narrative and attracts sophisticated capital to the token. While the February 20 unlock remains a structural hurdle, the current trend suggests that as long as the $1.60 support holds, the path of least resistance remains upward toward the $2.60 target.