Price Explodes 34% as Infrastructure Token Faces Decisive Battle at $2.34 Level
The ZRO/USDT chart reveals a powerful bullish move, with LayerZero trading at $2.340, marking a 34.64% increase over 24 hours after touching a high of $2.590 and bouncing firmly from a low of $1.712. Applying fundamental charting skills, we immediately identify a market structure shift: the price has broken above the MA 7 ($1.782) and MA 25 ($1.874) on the daily timeframe, though it remains below the MA 99 ($1.527)—indicating a nascent recovery within a longer-term downtrend. The candlestick anatomy shows significant wicks at the $2.590 peak, signaling price rejection at resistance. Crucially, the volume profile confirms legitimacy, with 24h Vol (USDT) of $93.69M and a massive 41.32M ZRO volume, supporting the move with genuine participation rather than a fake-out. Regarding the "Big Three" key points, the higher timeframe (daily) overrides lower timeframes, and confluence is building: price sits at the psychological $2.34 liquidity zone, which aligns with the order book showing stacked bids—particularly 25.49K ZRO at $2.349. This creates a support floor where buyers are actively defending. Essential technical indicators add weight: the RSI is likely elevated but not yet extreme (momentum strong), while MACD on daily appears to be staging a bullish crossover. However, the 70/30 rule warns that markets range 70% of the time—this sharp move may lead to consolidation. Hard truths remind us charts show probabilities, not certainties. ZRO carries Network (7) and Infrastructure tags, positioning it as a foundational crypto project, though the broader pair list shows mixed sentiment across alts. For long-term strategy, this is a HOLD but not a buy until price reclaims $2.59 and flips $2.80; short-term price prediction suggests a potential retrace to $2.15–$2.20 before another leg up, making it a short-term BUY on pullback with stop loss below $1.95. The practical checklist confirms weekly trend remains uncertain, location is at resistance, evidence shows three confluences (volume, MA breakout, order book support), and exit plan should target $2.59 first, then $2 #zro #LayerZero #Infrastructure #TechnicalAnalysiss #BreakoutWatch
