LayerZero (ZRO) Price Tests $2.00 Support as Token Unlock Creates Selling Pressure

Fast

• ZRO, which is currently being traded at $ 2.00 (+1.22% in 24 hours) • The RSI of Layerzero is in neutral territory at 51.49 with Bullish MacD Momentum • Recent 25.71 million token unlocked at $ 49.36 million create potential downward press

What drives Layerzero price today?

Layerzero is opposed to the headwind of a significant token disease that took place on 20 September, which released 25.71 million ZRO tokens worth around $ 49.36 million on the market. This represents 8.53% of the circulating offer that is distributed among strategic partners and core contributions, creating immediate sales pressure problems at traders.

The ZRO price managed to recover somewhat with a win of 1.22%today, and traded within a range of $ 1.94- $ 2.06 on Binance Spot Markets. However, the recent release event follows a decrease of 4.46% on September 14, which suggests that the market still consumes the increased token supply. The combination of these events has held Layerzero -Trade under the most important resistance levels despite the broader crypto market strength.

The volume remains healthy at $ 6.27 million on Binance Spot, which indicates active trader participation while the market processes this new delivery dynamic. The timing of the token unlock coincides with Layerzero trade near critical technical levels, making the next few sessions crucial for the price direction.

ZRO Technical Analysis: Mixed signals are emerging

Layerzero Technical analysis reveals a complex image with conflicting momentum indicators. ZRO’s RSI currently reads 51.49, places it firmly on neutral territory and suggests neither overbought nor over -sold circumstances. This neutral positioning gives a low space to move in both directions based on market sentiment and volume.

The MACD tells a more optimistic story, with the main line at 0.0132 above the signal line at 0.0055, creating a positive histogram of 0.0077. This Bullish MacD -momentum suggests that underlying purchasing pressure can be built, despite recent sales of the token disclosure.

The advancing averages of Layerzero paint a mixed image. The short-term averages show the trade in ZRO price above the 7-day SMA ($ 1.99) and 20-day SMA ($ 1.96), which indicates strength in the short term. The current price, however, is far below the 200-day SMA at $ 2.26, which confirms the downtrend in the longer term.

The position of Bollinger bands shows ZRO trade with 63.71% of the bandwidth, which suggests that it has token room to go higher to the upper tire at $ 2.12 before a considerable technical resistance encounters.

Lowzo price levels: important support and resistance

On the basis of Binance Spot market data, the support levels of Layerzero are clearly defined with immediate support at $ 1.79, which coincide with the Lower Bollinger Band. This level represents the first important test as a sales pressure of the token dismissing intensifies. Below is Layerzero Strong Support at $ 1.66, which would be a significant breakdown if he was violated.

ZRO resistance levels are equally important for traders. The immediate resistance of $ 2.11 adjusts closely with the upper Bollinger band at $ 2.12, creating a formidable barrier for bullish attempts. Above this zone, breaking would focus on the stronger resistance at $ 2.60, which represents an upward potential of 30% of the current levels.

The current pivot point at $ 2.00 serves as a critical battlefield. ZRO price promotion around this level will probably determine the direction of the short term, with persistent trade above what suggests that the unlocking effect is absorbed, while a interruption below can activate the next leg to the support levels of the Laagzo.

Do you have to buy ZRO now? Risk-willing analysis

Conservative traders must wait for clearer signals before entering Layerzero positions. The token disconnecting creates an uncertain overhang that could reduce the ZRO price in the coming days. A safer mention can arise if Layerzero successfully has the support level of $ 1.79 with an increased volume.

Aggressive traders can find the current level attractive, given the Bullish MacD momentum and neutral RSI positioning. The set-up for risk-reward offers a reasonable 6% lead against immediate resistance to $ 2.11 versus a downward risk of 10% for strong support at $ 1.79.

Swing traders must follow the ZRO/USDT pair closely on volume peaks and momentum shifts. A break above $ 2.11 with a strong volume could indicate that the unlock sales have been absorbed, which may be aimed at the $ 2.60 resistance zone. Conversely, it would not contain $ 1.79 to suggest further weakness to $ 1.66.

Stop-loss levels are crucial considering the recent token deflecting security. Bulls should consider the stops of less than $ 1.79, while bears may stop above $ 2.11 to effectively manage the risk.

Conclusion

Layerzero is traded at a critical moment with the ZRO price that tests $ 2.00 support in the midst of token unlocked sales pressure. Although technical indicators show mixed signals, the Bullish Macd-momentum offers some optimism in the coming 24-48 hours. Traders should pay attention to volume confirmation at key levels, with a break above $ 2.11 possibly signal strength, while not holding $ 1.79 could speed up the downward pressure to stronger support levels of the layer.

Image source: Shutterstock