$ZORA
has made a strong 1H breakout, pushing from around $0.006 to above $0.010 in a sharp move. After reaching the $0.011+ area, price is now cooling off and consolidating, which suggests a short-term pullback could develop before the next move.
The main demand zone sits around $0.0086-$0.0092. A retracement into this area that holds could give buyers a chance to step back in and potentially push price toward $0.0115-$0.0120.
If the $0.0086-$0.0092 zone fails, the bullish momentum would weaken and a deeper correction could follow. For now, the 1H structure remains bullish, but chasing after a 38% move is riskier than waiting for a clean retest and confirmation around demand.
has made a strong 1H breakout, pushing from around $0.006 to above $0.010 in a sharp move. After reaching the $0.011+ area, price is now cooling off and consolidating, which suggests a short-term pullback could develop before the next move.
The main demand zone sits around $0.0086-$0.0092. A retracement into this area that holds could give buyers a chance to step back in and potentially push price toward $0.0115-$0.0120.
If the $0.0086-$0.0092 zone fails, the bullish momentum would weaken and a deeper correction could follow. For now, the 1H structure remains bullish, but chasing after a 38% move is riskier than waiting for a clean retest and confirmation around demand.
