$ZRO to $7+ is COMING. 100x LONGS or Swing SPOT positions here.
Technically, ZRO has spent a long time moving inside a descending channel after falling from its previous high near $7.56. Now price is pushing toward the upper trendline around $1.90. A breakout is confirmed and successful retest has happened which could signal a major trend reversal, with $3.00 and then $4.70 as potential resistance levels before the previous high around $7.50 comes into play.
Fundamentally, LayerZero is building infrastructure that allows different blockchains to communicate and transfer data across networks. If cross-chain activity and adoption continue to grow, ZRO could benefit from increased demand for its ecosystem and its role in LayerZero's governance.
The fundamental case is strengthened by LayerZero's stated token buyback mechanism, funded by Stargate revenue, and its planned Zero blockchain, where ZRO is designed to serve as gas, staking, and governance token. These developments could improve token demand if adoption and fee generation grow.
From around $1.90, that would be roughly a 3.7x move.
If you like my calls, Vote for me in Blockchain 100 here: Vote for The Crypto Jack
$JCT $BR
Technically, ZRO has spent a long time moving inside a descending channel after falling from its previous high near $7.56. Now price is pushing toward the upper trendline around $1.90. A breakout is confirmed and successful retest has happened which could signal a major trend reversal, with $3.00 and then $4.70 as potential resistance levels before the previous high around $7.50 comes into play.
Fundamentally, LayerZero is building infrastructure that allows different blockchains to communicate and transfer data across networks. If cross-chain activity and adoption continue to grow, ZRO could benefit from increased demand for its ecosystem and its role in LayerZero's governance.
The fundamental case is strengthened by LayerZero's stated token buyback mechanism, funded by Stargate revenue, and its planned Zero blockchain, where ZRO is designed to serve as gas, staking, and governance token. These developments could improve token demand if adoption and fee generation grow.
From around $1.90, that would be roughly a 3.7x move.
If you like my calls, Vote for me in Blockchain 100 here: Vote for The Crypto Jack
$JCT $BR