#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #كريبتوا_المنطقة_الذهبية_للعملات_الرقمية #wct $USDC
LayerZero's stock price has risen by 11%, reaching $1.85.
The trading volume of ZRO has seen a massive increase exceeding 128%.
The downward trend in the cryptocurrency market has impacted digital assets, enhancing their remaining momentum. The market cap has stabilized at $2.35 trillion, with both red and green charts moving across cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) are trading at $68.8 thousand and $2 thousand, respectively. Meanwhile, LayerZero (ZRO) has recorded a strong increase of 11.54% in its value over the past 24 hours.
ZRO opened its trading at its lowest level at $1.66, and after a gradual upward shift, the price rose to a high level of $2.03. To confirm this bullish trend, the currency surpassed the main resistance level. According to CMC data, LayerZero is currently trading at $1.85, with a market cap of $490.17 million. Additionally, the daily trading volume has risen by over 128% to reach $187.7 million.
The recent bullish trading pattern of LayerZero indicates the potential to push the price towards the resistance level at $1.91. If bullish pressure increases, this may lead to the emergence of a golden crossover pattern, pushing the price above the $1.97 level.
In the event of a bearish reversal, the currency may face risks of price decline, and the price of LayerZero may retreat to the support level at $1.79. As the downward correction continues, a deadly crossover pattern is likely to occur, which may push the price down to a low of $1.73.
Positive technical indicators bring LayerZero's stock back into the bullish spotlight
The technical analysis of LayerZero's stock shows that the Moving Average Convergence Divergence (MACD) line is moving above the signal line, indicating increasing bullish momentum. It is worth noting that the strong bullish force may increase further.
Furthermore, the Chaikin Money Flow (CMF) indicator at 0.03 indicates slight buying pressure in the ZRO market. Inflows slightly outperform outflows, with weak momentum. To achieve a stronger bullish trend, the price needs to rise further.
The Buy and Sell Pressure Index (BBP) for ZRO, at 0.336, indicates slight bullish control. Given that buyers currently dominate, the price is trading above this level. Meanwhile, the price is expected to rise further if the bullish momentum continues and is confirmed.
The daily Relative Strength Index (RSI) for LayerZero is 68.84, indicating strong bullish sentiment. The price may approach the overbought territory, indicating strong buyer dominance. Exceeding the 70 level increases the likelihood of volatility.$ZRO
