Convergence

Million

Zero

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/layer-zero-price-prediction-will-zro-price-hit-10-this-crypto-bull-run/" rel="noopener noreferrer nofollow">Layer Zero Price Prediction: Will ZRO Price Hit $10 This Crypto Bull Run?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has recorded a negative price action with top crypto tokens recording a drop in their respective portfolios. Furthermore, the market leader, Bitcoin price has dropped 1$ and is currently trading with a price tag of around $66,500.</p>
<p>Following this, Layer Zero has displayed a similar price action by recording a drop in its portfolio over the past few hours. With the rising volatility, will ZRO price regain momentum and record a new all-time high (ATH) during the upcoming weeks?</p>
<h2 class="wp-block-heading" id="h-layer-zero-zro-price-action">Layer Zero (ZRO) Price Action:</h2>
<p>In spite of experiencing a drop of approximately 5% within the past day with a trading volume of $280.55 Million, the ZRO price has surged 16.72% over the past seven days and 82.74% since its inception.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcAzYBCrtKMoEQ6g8Vd5uB__p5If5FJgkFVywCK1tiaLIY0LgvTWPD_5vF5iWqPZrc3pgSX4uD1OeH4RuweSvLK9Y7PDUw-AiKsf2VGK0yH8_rQ-K1ucZEQc8yw53LE8gDRVyQkUZ5EUuxhBXMbEqH9AV9Y?key=KP76Fug8JPANS_HX4s3z6A" alt="Layer Zero Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ZRO/USDT
 </figcaption>
</figure>
<p>With a trading price of $4.943, a circulating supply of 110 Million ZRO tokens, and a total supply of 1 Billion tokens, the Layer Zero price has secured the 120th position with a market capitalization of $530.082 Billion.</p>
<p>The technical indicator, SMA, displays a potential bullish convergence in the 1D time frame, suggesting increased bullish sentiment in the crypto space.</p>
<p>Moreover, the Moving Average Convergence Divergence (MACD) shows a constant decline in the red histogram with its averages recording a decreased bearish sentiment. This highlights a high possibility of a bullish reversal in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-zro-price-record-a-new-all-time-high-this-month">Will ZRO Price Record A New All-time High This Month?</h2>
<p>If the market regains momentum, the Layer Zero price will prepare to test its all-time high (ATH) of $5.570 during the upcoming weeks.</p>
<p>Conversely, if the bears regain momentum, the ZRO price will retest its support level of $4.525. Furthermore, if the bears continue to dominate the market, the Layer Zero price will plunge toward its lower support level of $3.50 in the coming time.</p>

Layer Zero Price Prediction: Will ZRO Price Hit $10 This Crypto Bull Run?

Table of Contents

CoinPedia News

Other articles published on Jul 24, 2024

Toncoin (TON) Prediction for July 24

Arbitrum on the Move: $25M ARB Transfer to Coinbase Precedes Token Unlock

LandX Finance and Dominion Revolutionize Grain Inventory Financing (24 Jul)

Tiny 500Gh/s home Bitcoin mining device produced a block, earning over $200K BTC

Mt. Gox moves additional $2.47b in BTC to new wallet, Bitstamp

Paris 2024 Olympics: Major Economic Boost for France!

Join our free newsletter for daily crypto updates!