🚨 Technical Analysis of $ZRO | 4-hour timeframe
🔹 Current price: 1.68$ 📉 (-5.74% over 24h)
– The price is moving in a clear downtrend, continuing to form lower highs and lower lows, confirming sellers’ control of the overall trend.
– A clear break below previous support levels, accompanied by accelerating negative momentum, reflects the weakness of any genuine rebound attempts so far.
– The 1.56$ – 1.42$ zone represents major support / demand.
– The price is trading below the 50 level at 39.05, reflecting weak current momentum.
🔼 Bullish scenario (upside):
If the price holds and breaks above $2.16
🎯 2.28$ – 2.45$ – $2.65
🔽 Bearish scenario (downside):
If the price breaks below 1.63$ on a 4-hour close
❌ 1.56$ – 1.42$ – $1.25
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless the price breaks above them and holds there.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
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🔹 Current price: 1.68$ 📉 (-5.74% over 24h)
– The price is moving in a clear downtrend, continuing to form lower highs and lower lows, confirming sellers’ control of the overall trend.
– A clear break below previous support levels, accompanied by accelerating negative momentum, reflects the weakness of any genuine rebound attempts so far.
– The 1.56$ – 1.42$ zone represents major support / demand.
– The price is trading below the 50 level at 39.05, reflecting weak current momentum.
🔼 Bullish scenario (upside):
If the price holds and breaks above $2.16
🎯 2.28$ – 2.45$ – $2.65
🔽 Bearish scenario (downside):
If the price breaks below 1.63$ on a 4-hour close
❌ 1.56$ – 1.42$ – $1.25
📌 Note: Any rise toward resistance zones is considered a correction within the downtrend unless the price breaks above them and holds there.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
Follow us for exclusive crypto and broader market news
@AR_cryptonews