Overview
- ZRO jumped roughly 20% in 24 hours, rebounding from $1.28 to test the $1.77–$1.82 resistance zone, with intraday highs reported between $1.81 and $1.87.
- LayerZero Labs said it bought $10 million of ZRO on the open market for its balance sheet, calling the token “one of the most mispriced assets in the world.”
- Short‑term trend signals remain cautious, with the 21‑day EMA still below the 50‑day EMA, and traders watching for a daily close above $1.82 to validate a potential move toward $2.00 and beyond.
- Trading activity surged with reported volumes around $142 million, and the price retraced to roughly $1.66 during the session after the early spike.
- An October 20 unlock of 25.71 million ZRO—about 7.9% of circulating supply—has been linked to recent weakness and elevated volatility preceding the rebound.