$ZRO sits just 1.7% below its weekly high after an 11.5% day. One more push and it tests the top of the range.
Price is 1.898. The 7-day high is 1.931 and the low is 1.423, so the coin has climbed 25.7% in a week and now trades near the top of that range.
Volume backs the move, but not wildly: about 29.5M USDT in 24 hours, 1.8 times the 7-day average. That reads like steady buying, not a one-off spike. $BTC also helped, up 2% on the day.
The caution is momentum. Hourly RSI is 66.3, close to the zone where short-term moves often pause. Buying right under a level that already capped price once is the lowest-reward spot to enter.
My view: neutral until the level breaks. A close above 1.931 with volume still near twice its average would flip me bullish. A drop back under 1.75 would tell me the high held as resistance.
Waiting for: the break, or a cooler RSI after a small pullback.
#LayerZero #RangeHigh
Price is 1.898. The 7-day high is 1.931 and the low is 1.423, so the coin has climbed 25.7% in a week and now trades near the top of that range.
Volume backs the move, but not wildly: about 29.5M USDT in 24 hours, 1.8 times the 7-day average. That reads like steady buying, not a one-off spike. $BTC also helped, up 2% on the day.
The caution is momentum. Hourly RSI is 66.3, close to the zone where short-term moves often pause. Buying right under a level that already capped price once is the lowest-reward spot to enter.
My view: neutral until the level breaks. A close above 1.931 with volume still near twice its average would flip me bullish. A drop back under 1.75 would tell me the high held as resistance.
Waiting for: the break, or a cooler RSI after a small pullback.
#LayerZero #RangeHigh
