$ZRO
#ZROUSDT is trying to stabilize after a long bleed.
Price has been in a clear downtrend for a while, but the recent action around 0.78–0.82 is starting to look like a small base instead of fresh panic selling.
Right now the nearest support sits around 0.80 and then 0.75.
If that lower area gives way, the chart can easily turn weak again and continue the bigger downtrend.
On the upside, the first resistance is around 0.88–0.90.
If buyers push through that zone, the next levels to watch are around 1.00 and then 1.10–1.20, where sellers stepped in before.
This structure looks more like a bottoming range or accumulation attempt than a full trend reversal for now.
Bulls need to reclaim 0.90 and then 1.00 with strength to prove that this bounce is real.
Until that happens, this still looks like a weak market trying to build a floor after heavy downside.
If you want, send the next chart and I’ll keep it in this exact format.
If that lower area gives way, the chart can easily turn weak again and continue the bigger downtrend.
On the upside, the first resistance is around 0.88–0.90.
#ZROUSDT is trying to stabilize after a long bleed.
Price has been in a clear downtrend for a while, but the recent action around 0.78–0.82 is starting to look like a small base instead of fresh panic selling.
Right now the nearest support sits around 0.80 and then 0.75.
If that lower area gives way, the chart can easily turn weak again and continue the bigger downtrend.
On the upside, the first resistance is around 0.88–0.90.
If buyers push through that zone, the next levels to watch are around 1.00 and then 1.10–1.20, where sellers stepped in before.
This structure looks more like a bottoming range or accumulation attempt than a full trend reversal for now.
Bulls need to reclaim 0.90 and then 1.00 with strength to prove that this bounce is real.
Until that happens, this still looks like a weak market trying to build a floor after heavy downside.
If you want, send the next chart and I’ll keep it in this exact format.
If that lower area gives way, the chart can easily turn weak again and continue the bigger downtrend.
On the upside, the first resistance is around 0.88–0.90.