LayerZero's token ZRO rose 14% in 24 hours, recovering from a low near $0.796 to trade above $1.00, which has now turned from resistance into support. This rebound follows weeks of decline, with buyers regaining momentum and targeting resistance zones at $1.10-$1.15 and potentially $1.30-$1.35. However, an upcoming token unlock on June 20 will add 25.71 million ZRO to circulation, possibly increasing selling pressure if demand doesn't keep pace. The market remains cautious as Bitcoin dominance stays high, and ZRO's broader downtrend continues despite short-term gains.

More News (ZRO)

3.51M unlocked ZRO tokens moved to Binance, sparking sell-off concerns but no confirmed sale yet

An address linked to the LayerZero (ZRO) team or an early investor transferred 3.51 million unlocked ZRO tokens to Binance. These tokens had no vesting restrictions, making them freely tradable, which often signals potential selling pressure. However...

Technical Signals

Neutral

16 hours ago

LayerZero's ZRO jumps 14% as buyers reclaim $1.00; watch for June supply unlock impact.

More News (ZRO)

3.51M unlocked ZRO tokens moved to Binance, sparking sell-off concerns but no confirmed sale yet

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LayerZero's ZRO jumps 14% as buyers reclaim $1.00; watch for June supply unlock impact.

More News (ZRO)

3.51M unlocked ZRO tokens moved to Binance, sparking sell-off concerns but no confirmed sale yet

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

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