$ZRO was 2.003 when I called its 5.3% drop a pause, 35 hours ago. It is 2.14 now, up 6.84% since that post.
That read held up. The trend I described stayed intact, and ZRO is up 12.1% in the last 24 hours while BTC is down 1.02%, so this strength belongs to ZRO, not to the market.
The level I gave was 2.146, a move above it with volume over its average. Price sits right under it, about 0.3% away. Volume now is about 25.8M USDT, 1.05x its 7-day average, so that half of the condition is met, barely.
The weekly high is now 2.19, and price is 2.3% below it. That is the number I care about from here. A close above 2.19 with volume staying above 1x would tell me buyers are still adding after a 40.9% week. Hourly RSI is 61.9, warm but not stretched, so there is room before this looks overheated.
I would turn careful if ZRO slips back toward 2.00 on rising volume. That would mean the 6.8% since my post was just a bounce inside the range.
#LayerZero #ZRO
That read held up. The trend I described stayed intact, and ZRO is up 12.1% in the last 24 hours while BTC is down 1.02%, so this strength belongs to ZRO, not to the market.
The level I gave was 2.146, a move above it with volume over its average. Price sits right under it, about 0.3% away. Volume now is about 25.8M USDT, 1.05x its 7-day average, so that half of the condition is met, barely.
The weekly high is now 2.19, and price is 2.3% below it. That is the number I care about from here. A close above 2.19 with volume staying above 1x would tell me buyers are still adding after a 40.9% week. Hourly RSI is 61.9, warm but not stretched, so there is room before this looks overheated.
I would turn careful if ZRO slips back toward 2.00 on rising volume. That would mean the 6.8% since my post was just a bounce inside the range.
#LayerZero #ZRO
