LayerZero

The post <a href="https://coinpedia.org/price-analysis/zro-price-surges-50-for-3-breakout-teases-bull-run-to-10/" rel="noopener noreferrer nofollow">ZRO Price Surges 50% For $3 Breakout, Teases Bull Run To $10&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
LayerZero (ZRO) is an omnichannel interoperability protocol enabling secure and efficient message passing across blockchains. Its Ultra-Light Nodes (ULNs) act as smart contract endpoints on each chain, verifying transactions using block headers and proofs.&nbsp;
Supporting blockchains like Ethereum, BNB Chain, Avalanche, and non-EVM chains like Aptos, LayerZero facilitates direct, trustless communication between networks, paving the way for a multi-chain future.
With a bullish surge in the last three days, will the ZRO token price experience a bull run to the $10 psychological milestone?&nbsp;&nbsp;
<h2 class="wp-block-heading" id="h-layerzero-bull-run-begins">LayerZero Bull Run Begins</h2>
With a massive surge in the last three days, the ZRO token price undermines the initial downfall after its listing. As the LayerZero token surpasses the $3 mark, the valuations are up by 50% in three days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdtZb_t9yvVziRT4gCSpV1WHkwUNE82OhtK9vajco2gT4k-iv2Yro60dLBe9mfMadUPsxVAgXSqrhRmyENJOjUN1cQXy1dyTFvbFjZ-KEPTv3rpFUGmK3NIMNehW4BirHk9XnscT40zMaspeJGT0C2jKvk?key=Onf7neekMpU2jq9b-zaktg" alt="">
</figure>
<a href="https://www.tradingview.com/x/zfvTY37O/" rel="noopener noreferrer nofollow">Tradingview</a>
The reversal rally forms a rounding bottom pattern in the 4H chart with a neckline at the $3 mark. The bullish breakout forms a morning star pattern at the broken neckline, reflecting a potential bull run ahead.&nbsp;
Currently, the ZRO token trades at a $3.835 price with an intraday gain of 1.51%, creating a fourth positive bullish candle in the daily chart. Hence, with the trend reversal and breakout rally, the ZRO price shows the immense underlying potential for a bull run.&nbsp;
Technical indicators:&nbsp;
MACD: With a bull run in motion, the MACD and signal lines are on a positive flow, reflecting a constant surge in demand.&nbsp;Hence, the momentum teases an uptrend continuation in the altcoin.
<h2 class="wp-block-heading" id="h-will-zro-price-hit-10">Will ZRO Price Hit $10?</h2>
With a bullish breakout, the ZRO price rally shows dominance above the $3 demand zone. As per the Fibonacci levels, the bull run can continue to the 1.618 Fibonacci level at the $4.438 mark. However, as the crypto market recovers and LayerZero makes waves, the altcoin can hit the $10 milestone in the coming months.&nbsp;

ZRO Price Surges 50% For $3 Breakout, Teases Bull Run To $10

Table of Contents

CoinPedia News

Other articles published on Jul 2, 2024

FLOKI Investors Beware: Developers Issue Critical Warning For The Shiba Inu Competitor

CertiK Blockchain Applications Move to Alibaba Cloud to Boost Security and Efficiency

Bitcoin Bulls Struggle to Maintain Momentum

Binance Unveils Changes In Turkey In Compliance With Regulation

Zignaly price nears ATH ahead of ecosystem vote

BlockDAG’s Meteoric Ascent: A 1300% Power Surge—What Awaits NEAR Protocol and Aave Cryptos

Join our free newsletter for daily crypto updates!