Altcoins put on a major rebound this week📈! LayerZero (#zro ) claimed the top spot on the rebound leaderboard, surging 29% from its weekly low of $1.42 to $1.82, beating the runner-up by 5 percentage points. LIT, PIEVERSE, STX, and other tokens also bounced back, in a relatively broad oversold recovery.
$ZRO
Short-term support is at $1.788, with resistance above at $2.11. Leverage positions weren’t particularly aggressive during this rally—there was no frenzied buildup of leverage to push prices higher. However, the market was sharply divided: BTW and GRASS suffered steep losses, with BTW falling as much as 45% during the week. Interestingly, though, it staged a strong rebound that same day. Keep in mind that this is just a recovery from this week’s low, not a trend reversal. If key support breaks, this rebound could easily fizzle out🤔
$ZRO
Short-term support is at $1.788, with resistance above at $2.11. Leverage positions weren’t particularly aggressive during this rally—there was no frenzied buildup of leverage to push prices higher. However, the market was sharply divided: BTW and GRASS suffered steep losses, with BTW falling as much as 45% during the week. Interestingly, though, it staged a strong rebound that same day. Keep in mind that this is just a recovery from this week’s low, not a trend reversal. If key support breaks, this rebound could easily fizzle out🤔
