LayerZero drops 11% amid bearish signals and upcoming token unlocks despite rising mindshare.

LayerZero's token ZRO fell over 11% in 24 hours, breaking below key support levels despite a 28% rise in mindshare from a partnership with Near Protocol. Bearish market structure, long liquidations, and leveraged short orders are driving the decline. Additionally, monthly token unlocks releasing 25.71 million ZRO add selling pressure. The price may continue falling toward the October low of $0.310 if current conditions persist.