LayerZero (ZRO) drops 10.97% to $1.69, tests support levels
- —ZRO trades at $1.69 after opening at $1.90, daily range $1.66–$1.84
- —Volume of $76.31 million is 43.5% below the 30-day average of $135.07 million
- —Price sits below SMA-5 at $1.85 and SMA-20 at $1.98 but above SMA-50, SMA-90 and SMA-200
- —A possible $42.6 million unlock, 5.8% of circulating supply, is not confirmed by a primary source
Why it matters: The decline on weak volume does not confirm capitulation, and the unverified unlock remains a supply risk for ZRO holders.
Source: DiarioBitcoin