Good news and “Lei” fly together; the one that rises the most doesn’t necessarily mean it’s the safest
ZRO is up 13.32% over the past 24 hours, trading at 2.0068. The news flow has been pretty lively: on Oct 1–2 it rebounded from a low of 1.07 to around 1.9. The story is that institutions bought via OTC, along with expectations for Zero L1 and progress on partnerships involving stablecoins; also, since April, Stargate revenue has been 100% used to buy ZRO.
But there’s plenty of “Lei” too: on Oct 3, an address related to a strategic partner transferred 8 million ZRO (about $14.98 million) to Coinbase Prime, and there’s another unlock scheduled for Oct 20.
Technical picture: the bulls are aligned, and the MACD histogram is still growing, but the daily RSI is 78.8—overbought. Trading volume has shrunk to just 0.33 times its usual level. A breakout to a new high on decreasing volume—I'm not too comfortable chasing.
$ZRO $BTC $ETH
ZRO is up 13.32% over the past 24 hours, trading at 2.0068. The news flow has been pretty lively: on Oct 1–2 it rebounded from a low of 1.07 to around 1.9. The story is that institutions bought via OTC, along with expectations for Zero L1 and progress on partnerships involving stablecoins; also, since April, Stargate revenue has been 100% used to buy ZRO.
But there’s plenty of “Lei” too: on Oct 3, an address related to a strategic partner transferred 8 million ZRO (about $14.98 million) to Coinbase Prime, and there’s another unlock scheduled for Oct 20.
Technical picture: the bulls are aligned, and the MACD histogram is still growing, but the daily RSI is 78.8—overbought. Trading volume has shrunk to just 0.33 times its usual level. A breakout to a new high on decreasing volume—I'm not too comfortable chasing.
$ZRO $BTC $ETH