ZRO wakes up again
Price: from 1.41 to 1.88 = +31% in 4 days
Reason: Canadian Loon Finance partnership for CADC, valued at 500M
Risks:
- 23.28M ZRO unlock = $44M on November 20
- A whale sold 1M a few hours ago
- True volume is only 11M after filtering out wash trading
Positives:
Zero Mainnet + ATLAS on November 30
200K TPS and 75% fee burn
Analysis:
Resistance at 1.89; failed 3 times
Support at 1.70, then 1.51
Currently 1.869, below MA7
Decision: Close at 1.864 and wait until 10AM tomorrow
$ZRO
#zro #LayerZero #Binance
Price: from 1.41 to 1.88 = +31% in 4 days
Reason: Canadian Loon Finance partnership for CADC, valued at 500M
Risks:
- 23.28M ZRO unlock = $44M on November 20
- A whale sold 1M a few hours ago
- True volume is only 11M after filtering out wash trading
Positives:
Zero Mainnet + ATLAS on November 30
200K TPS and 75% fee burn
Analysis:
Resistance at 1.89; failed 3 times
Support at 1.70, then 1.51
Currently 1.869, below MA7
Decision: Close at 1.864 and wait until 10AM tomorrow
$ZRO
#zro #LayerZero #Binance