STOP... STOP... STOP...
$ZRO just jumped 23%, but is another drop coming?
LayerZero ($ZRO ) bounced from $1.80 and reclaimed $2, reaching $MSFTB ent improved. But this rally has a hidden risk that traders shouldn’t ignore.
Open Interest surged 31% to $275M, showing increased futures activity. However, rising exchange deposits suggest some investors are taking profits. Even more concerning, 25.7M ZRO tokens worth around $56.5M are scheduled to unlock on October 20, potentially adding selling pressure.
If momentum weakens, ZRO could lose $2 and revisit $1.80. But if buyers maintain control, a breakout above $2.40 could open the door toward $2.50.
Will ZRO continue climbing, or will the upcoming unlock trigger another sell-off? 👀
$ZRO just jumped 23%, but is another drop coming?
LayerZero ($ZRO ) bounced from $1.80 and reclaimed $2, reaching $MSFTB ent improved. But this rally has a hidden risk that traders shouldn’t ignore.
Open Interest surged 31% to $275M, showing increased futures activity. However, rising exchange deposits suggest some investors are taking profits. Even more concerning, 25.7M ZRO tokens worth around $56.5M are scheduled to unlock on October 20, potentially adding selling pressure.
If momentum weakens, ZRO could lose $2 and revisit $1.80. But if buyers maintain control, a breakout above $2.40 could open the door toward $2.50.
Will ZRO continue climbing, or will the upcoming unlock trigger another sell-off? 👀