LayerZero (ZRO) plunges 15.58% amid broad altcoin sell-off, testing key $1.098 support level.

LayerZero (ZRO) dropped 15.58% in 24 hours, underperforming Bitcoin and most altcoins as market sentiment turned risk-off. The token broke below a critical $1.098 support, entering a bearish downtrend with potential to fall further toward $0.80. Despite price declines, positive derivatives funding rates indicate some traders remain bullish, expecting a recovery. However, low trading volume and ongoing spot outflows signal cautious investor sentiment, making a sustained rebound uncertain in the near term.