- Low zero (ZRO) posts stable daily and weekly profits.
- Trading activity and liquidity show a sharp improvement.
- A falling wedge indicates a potential bullish reversal.
- Momentum indicators point to a weakening of selling pressure.
LayerZero (ZRO) continues to be on a positive price trajectory and is showing steady appreciation. Over the past 24 hours, ZRO has risen almost 9.46%. The weekly performance appears stronger, with the token up 9.33%, indicating improving short-term momentum and renewed market interest.
At the time of writing, ZRO is trading at $1.55, supported by bullish activity. The 24-hour trading volume stands at $49.31 million, up 74.8% per day, while the market capitalization has reached $363.53 million, up 1.99%.
Also read: LayerZero to buy Stargate, ZRO targets $2.20
Falling wedge structure shapes the weekly outlook
ZRO’s weekly chart shows a fully formed falling wedge, a classic bullish reversal pattern characterized by converging lower highs and lower lows. This structure reflects declining selling pressure and market compression. Over the longer term, such wedges often precede strong upward moves, especially when price holds tight near long-term support zones.
The price has recently returned from the $1.30 area to $1.60, which corresponds to the bottom of the wedge. Such a response indicates that buyers are actively entering the market at a discount. Despite the overall bearish environment, such a situation could allow ZRO to outperform if a breakout of wedge resistance occurs.
After a successful breakout, the upside prospects are still clearly visible. The initial main level is set at $2.30, followed by a stronger resistance level at $2.85. Moreover, a strong buy signal could push prices higher to $3.85, while the final macro level target is close to $4.80, consistent with previous weekly supply levels.
Momentum indicators show early stabilization signals
On the weekly chart, the RSI (14) is currently close to the 41 level and remains below the mid-50 level. This is still a sign of bearish pressure, but not indicative of overselling. It appears that RSI is stabilizing, which means that the selling pressure is losing steam. Crossing 45-50 would be a signal that the bullish energy is gaining strength.
The weekly MACD is still in negative territory, with the MACD line below the signal line. Although the histogram gradually decreases, it indicates a decrease in bearish strength. This is typically a sign of an impending trend reversal. The signal for a bullish cross appears reliable.
Also read: ZRO forms rare bull pattern – last chance before 60% rise
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