LayerZero's ZRO token drops after $292M KelpDAO bridge hack, but potential bounce seen near $1.35 lows.

LayerZero's ZRO token fell sharply after a $292 million exploit on the KelpDAO bridge, which blamed LayerZero's RPC nodes. Despite a brief 5.18% rally, the token remains in a downtrend within a trading range between $1.47 and $2.28. Technical indicators show strong bearish momentum, but a retest of the $1.35 local lows could trigger a short-term bounce. Traders are advised to watch for potential buying opportunities near these lows rather than rushing to short.