LayerZero price drops 8.42% after Alameda Research sells $15.3M worth of ZRO tokens

LayerZero (ZRO) has fallen sharply, trading at $1.83 after a recent high of $2.2, pressured by Alameda Research selling 7.93 million ZRO tokens worth $15.3 million. This large sale resumed after two months of inactivity and intensified the downtrend, pushing ZRO below key moving averages and lowering its RSI into bearish territory. Despite this, buyer activity remains strong, with negative netflow indicating demand on exchanges, which could stabilize prices if selling pressure eases. If support at $1.8 fails, ZRO might drop further to around $1.4, but a rebound above $2 is possible if buyers regain control.