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LayerZero price dips to $2.29 ahead of 23.63M token unlock on Oct 20, testing key resistance at $2.344.

Technical Signals
12 Oct 2026
Crypto news
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Neutral
LayerZero price dips to $2.29 ahead of 23.63M token unlock on Oct 20, testing key resistance at $2.344.

LayerZero's token price retreated from a high of $2.483 to around $2.29, facing resistance at $2.344 as traders anticipate a significant unlock of 23.63 million tokens on October 20, representing nearly 6% of circulating supply. Despite the pullback, the token maintains an 8.27% daily gain and shows technical support near $2.09. The upcoming token release follows a merger with Stargate Finance and is closely watched for its potential impact on price. Analysts highlight the importance of breaking above $2.344 to sustain the rally, while support levels near $2.09 could limit downside risk.

LayerZero's market cap stands at Rp16.47 trillion with a strong 24-hour trading volume of Rp3.54 trillion as of Oct 12, 2026, 23:02 WIB. On Pluang, the token price is Rp40,957, showing a notable 11.46% gain in the last day, supported by a high buy order activity of 93%. Typical hold time for LayerZero investors on Pluang is 13 days, indicating active trading interest around the token's recent price movements and upcoming token unlock events.

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