ZORA surges as buyers defend key support, speculative interest ramps up ZORA staged a sharp rebound after weeks of compression, jumping roughly 13% to about $0.0275 as daily volume spiked 42% to $57.7 million. Market capitalization climbed to around $123 million, suggesting renewed participation rather than a thin-liquidity pop. Support held, buyers stepped in The move followed an extended decline, but buyers aggressively defended the $0.020–$0.028 support band — a range that repeatedly capped downside in prior selloffs. The token found footing near the lower boundary and pushed intraday toward $0.028. That defense implies stabilization rather than capitulation, although ZORA still trades well below prior distribution levels around $0.058 and $0.10. Traders will be watching whether the price can hold above $0.024; as long as it does, downside risk appears limited and repeated resistance tests could gradually erode overhead supply. Momentum and trend signals Directional Movement Index readings (TradingView) show a constructive shift: +DI climbed to 36.7 while −DI slipped to about 20.9, and ADX moved up to 26. That alignment points to buyers holding directional control and a trend that’s forming rather than a mature, runaway move. ADX remains below extreme territory, so pullbacks are still possible without breaking the structure. If +DI stays distinct from −DI, upside attempts are more likely to persist through short consolidations. Spot flows and holder behavior Spot flow data (CoinGlass) recorded net-negative exchange flows even during the rebound, with recent daily outflows of roughly $870K. Investors are pulling tokens off exchanges rather than selling into strength — a characteristic often associated with accumulation or longer-term repositioning. While outflows don’t guarantee continued upside, they do reduce immediate sell-side pressure compared with periods when inflows dominated at higher prices (e.g., near $0.10). Derivatives activity and risks Open Interest rose about 10% to roughly $26.35 million as price advanced, signaling traders added leveraged exposure instead of de-risking. That expansion supports momentum but brings fragility: if the rally loses steam, forced liquidations could amplify volatility. For now, the OI increase appears to complement improved technical structure rather than indicate late-stage euphoria. Still, continued OI growth without price follow-through would raise the risk of instability. Liquidation landscape favors upward squeezes Binance liquidation data (CoinGlass) shows dense short-side liquidity stacked above $0.028–$0.029, while downside liquidity thins near $0.024. That setup makes short sellers vulnerable to cascading liquidations if price pushes higher, and it lowers the likelihood of deep flushes unless fresh downside leverage emerges. Price already pierced several small liquidation pockets during the rebound, and another run toward $0.029 could quickly accelerate volatility. Bottom line ZORA’s bounce looks more than a random uptick: buyers defended a key support zone, momentum indicators improved, spot flows showed withdrawals, and leverage increased with intent. The immediate outlook favors stabilization and potential continuation so long as price holds above $0.024 and overhead supply is challenged. However, rising Open Interest adds a risk vector — if momentum stalls, volatility could spike as positions unwind and liquidations cascade. Sources: TradingView, CoinGlass Disclaimer: This article is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making any decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news