On Wednesday, LayerZero (ZRO) resumed its upward movement to the level of $2. The shift was amidst marketwide weakness related to the current trade war between On Wednesday, LayerZero (ZRO) resumed its upward movement to the level of $2. The shift was amidst marketwide weakness related to the current trade war between

LayerZero (ZRO) Eyes $2 Breakout After Major 25M Token Unlock

2026/01/22 04:00
3 min read

On Wednesday, LayerZero (ZRO) resumed its upward movement to the level of $2. The shift was amidst marketwide weakness related to the current trade war between the US and the EU. The rally was also preceded by a large unlock event which introduced over 25 million tokens into circulation.

On Tuesday, ZRO took a new supply issue amounting to 25.71 million tokens. This has valued 6.36% of the total supply, and it was vested primarily among the private investors and core team. The consistent rebound indicates a consistent buying influence despite the growth in the supply in circulation.

Source: Tokenomist

Market data supports the strength of this recovery. According to the analysts, ZRO still trades in a bullish pattern in larger timeframes. The support levels are also seen to be holding, and traders continue operating even though the larger market is volatile.

ZRO Breakout Patterns Strengthen as Momentum Builds

Analyst CryptoBull highlighted that ZRO will be ready to break out of a declining triangle on the day chart. He explained that bulls would be able to aim at a 100-120% upside in case the actual price remained above the marked support and resistance range. He said that there is increased volume, which points to healthier momentum.

Source: X

Moreover, another analyst, Jonathan Carter, mentioned that ZRO has already confirmed a breakout of a falling wedge pattern on the three-day graph. He mentioned momentum building up and stated that the breakout structure is still intact. He had set target levels, which were at $2.40, $3.30, $4.80, and $7.00.

Source: X

Also Read: LayerZero ZRO Price Alert: Could Hit $5.20 Soon!

Open Interest Shows Strong Uptick

CoinGlass data shows that ZRO futures open interest rose 32.69% in the last 24 hours to $54.38 million. The funding rate climbed from -0.0353% to -0.0060%, suggesting reduced selling pressure from new positions.

Source: CoinGlass

ZRO Tests Key EMAs as Golden Cross Signals Strength

At the time of press, ZRO was trading up by 12.02%. It rose above the 200-day Exponential Moving Average at $1.784. The trend of EMA 50 is gradually moving toward the 100-day EMA. This progress suggests the prospects of Golden Cross in case the trend persists.

The MACD line moves beyond the signal line on the daily chart. The good histogram was stretched and had a positive constant upward trend. The Relative Strength Index was at 80. This represents positive buying pressure, but the token is also overbought.

Source: TradingView

The potential level of resistance is the October 13 close of $2.036. The region is connected to a psychological boundary at the $2 mark. Traders will monitor whether the ZRO test level passes through this resistance without any correction.

Support is at the 200-day EMA of $1.784 in case of weak momentum. The probability of profit-taking is high in the wake of the recent token unlock. The next support area may be the 100-day EMA at $1.557 in a deeper pullback.

Also Read: Chainlink Launches 24/5 U.S. Equities Data for DeFi Integration

Market Opportunity
LayerZero Logo
LayerZero Price(ZRO)
$1.647
$1.647$1.647
+3.32%
USD
LayerZero (ZRO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pi Network Tech Upgrade Unlocks Mainnet Migration for 2.5 Million Users and Introduces Palm Print Security

Pi Network Tech Upgrade Unlocks Mainnet Migration for 2.5 Million Users and Introduces Palm Print Security

Pi Network has announced a major technological breakthrough that marks a new chapter in its evolution. According to information shared by Twitter user @strong3
Share
Hokanews2026/02/07 12:28
PayPal P2P, Google AI Payments, Miner Pivot — Crypto Biz

PayPal P2P, Google AI Payments, Miner Pivot — Crypto Biz

The post PayPal P2P, Google AI Payments, Miner Pivot — Crypto Biz appeared on BitcoinEthereumNews.com. Crypto’s center of gravity is shifting from speculation to services. PayPal is opening the door to peer-to-peer (P2P) cryptocurrency transfers, building on its growing presence in digital assets. Its stablecoin, PYUSD, has already surpassed $1 billion in market capitalization. Google is piloting a payment protocol designed for AI agents, with built-in support for stablecoins — highlighting the role dollar-pegged crypto could play in the emerging web economy. Meanwhile, Bitcoin miners face tighter margins from rising costs, higher difficulty levels and growing competition. Yet several companies are thriving by pivoting into data-center and AI infrastructure, sending their share prices sharply higher in recent weeks. This week’s Crypto Biz covers PayPal’s P2P rollout, the shifting economics of Bitcoin mining, Google’s open-source AI payment initiative and Bitwise’s bid for a new exchange-traded fund (ETF) focused on stablecoins and tokenization. PayPal rolls out P2P crypto transfers with new “links” feature PayPal is expanding its peer-to-peer offerings with a new feature that allows US users to send and receive cryptocurrencies directly within PayPal and Venmo, without relying on external exchanges. The service, called PayPal links, generates one-time links in the app that can be shared via text, email or chat. The feature will extend to Venmo, enabling direct transfers of cryptocurrencies and PayPal’s stablecoin, PYUSD, between users. For US customers, PayPal said that personal friends-and-family crypto transfers will not trigger 1099-K tax reporting, though other types of crypto transactions may still be taxable The rollout is part of PayPal World, the company’s interoperability framework aimed at connecting wallets and payment systems across its ecosystem. PayPal’s stablecoin, PYUSD, has experienced significant growth since launch, reaching a market cap of roughly $1.3 billion. Source: CoinMarketCap Bitcoin miners outperform BTC Shares of several major Bitcoin mining companies have surged over the past month, even as Bitcoin’s (BTC) price…
Share
BitcoinEthereumNews2025/09/20 22:22
Federal Reserve Cuts Rates: What Does This Mean for Crypto?

Federal Reserve Cuts Rates: What Does This Mean for Crypto?

TLDR: The Federal Reserve lowered rates by 25 bps, starting its first easing cycle of 2025. Lower rates tend to weaken the dollar, often driving capital into risk assets like crypto. Analysts say cheaper liquidity can fuel Bitcoin and altcoin demand as yields fall. Investors are watching price reactions closely as markets price in more [...] The post Federal Reserve Cuts Rates: What Does This Mean for Crypto? appeared first on Blockonomi.
Share
Blockonomi2025/09/18 14:10