ZRO is rallying again, reclaiming the $2 mark!
#zro has rebounded from $1.70, climbing as high as $2.19. It’s currently trading at around $2.12, up 11.5% in 24 hours, with spot trading volume also up 45%.
The fund flows are shifting too: net spot flows have fallen to -$1.03 million, indicating that withdrawals are starting to outpace inflows. Protocol fees over the past 30 days have risen from $147,000 to $301,000, pointing to a concurrent recovery in fundamentals.
But don’t forget: $50 million worth of tokens will unlock in two weeks, posing a potential source of selling pressure.
In the short term, keep an eye on $2.20: a breakout could open the way to $2.50+, while failure to break through could mean a pullback to $1.70.
#zro has rebounded from $1.70, climbing as high as $2.19. It’s currently trading at around $2.12, up 11.5% in 24 hours, with spot trading volume also up 45%.
The fund flows are shifting too: net spot flows have fallen to -$1.03 million, indicating that withdrawals are starting to outpace inflows. Protocol fees over the past 30 days have risen from $147,000 to $301,000, pointing to a concurrent recovery in fundamentals.
But don’t forget: $50 million worth of tokens will unlock in two weeks, posing a potential source of selling pressure.
In the short term, keep an eye on $2.20: a breakout could open the way to $2.50+, while failure to break through could mean a pullback to $1.70.