$ZRO turned back toward the $1,950 area, down nearly 14% from this week's peak.
After surging to $2,483 on October 12, ZRO turned lower for four straight sessions and is now retesting the $1,944 area, where the price has bounced five times over the past two weeks.
On both the 4-hour and daily charts, $ZRO is no longer above the WMA45, while the 4-hour RSI is around 44. The broader market is also weak: only 5% of major coins have an RSI above 60, and $BTC are both leaning bearish on the two higher timeframes.
If $1,944 holds, there is still a chance to retest $2,073. If this level breaks, the $1,800 area is the nearest support below.
Personal observations, not investment advice
#TinFed #BitcoinShortTermHoldersReach4.08MBTC #ZRO
After surging to $2,483 on October 12, ZRO turned lower for four straight sessions and is now retesting the $1,944 area, where the price has bounced five times over the past two weeks.
On both the 4-hour and daily charts, $ZRO is no longer above the WMA45, while the 4-hour RSI is around 44. The broader market is also weak: only 5% of major coins have an RSI above 60, and $BTC are both leaning bearish on the two higher timeframes.
If $1,944 holds, there is still a chance to retest $2,073. If this level breaks, the $1,800 area is the nearest support below.
Personal observations, not investment advice
#TinFed #BitcoinShortTermHoldersReach4.08MBTC #ZRO