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Home/News Feed/LayerZero drops 13% weekly as Selini Capital deposits $2.18M ZRO to Binance amid bearish pressure.
ZRO
Rp18,117
-Rp1,206 -6.24%

LayerZero drops 13% weekly as Selini Capital deposits $2.18M ZRO to Binance amid bearish pressure.

Market News
30 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

LayerZero's token ZRO has fallen 13% on the weekly charts, making it the worst performer among the top 100 tokens on CoinMarketCap. The price dropped below the 200-day EMA to a low of $1.04 but is currently trading around $1.80. Despite the bearish trend, institutional investor Selini Capital deposited 2 million ZRO worth $2.18 million to Binance, possibly signaling token sales after a lock-up period. Whale investors appear to be accumulating at key support levels near $1.00, which could stabilize the price. However, if LayerZero falls below $1 support, it may drop further to around $0.94. A close above $1.20 is needed to reverse the bearish outlook.

More News (ZRO)

LayerZero (ZRO) surges 35% in a week, eyeing $1.40 resistance amid strong whale and spot market support

LayerZero (ZRO) surges 35% in a week, eyeing $1.40 resistance amid strong whale and spot market support

LayerZero (ZRO) rallied 35% over the past week after breaking out from a pennant pattern and surpassing the $1.30 resistance level. The price is currently trading above key moving averages (20-day, 50-day, and 100-day EMAs), signaling strong short- a...

Technical Signals
Bullish
4 days ago
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