The post LayerZero (ZRO) Tests $2.06 Support as RSI Shows Neutral Zone Trading appeared on BitcoinEthereumNews.com.

Tony Kim
Aug 18, 2025 14:42

ZRO price trades at $2.06 with -5.15% daily decline. Technical indicators show mixed signals as LayerZero’s RSI sits neutral at 51.32 while MACD suggests emerging bullish momentum.

Quick Take • ZRO currently trading at $2.06 (-5.15% in 24h) • LayerZero’s RSI remains neutral at 51.32 while MACD histogram shows bullish divergence • No major news catalysts in past week, price action driven by technical factors What’s Driving LayerZero Price Today? The ZRO price movement appears primarily technical in nature, with no significant news events or catalysts emerging in the past seven days. This absence of fundamental drivers has left LayerZero vulnerable to broader market sentiment and technical trading patterns. The current 5.15% decline brings ZRO price closer to its immediate support zone, testing trader confidence in the absence of positive catalysts. The trading range of $2.01 to $2.21 over the past 24 hours demonstrates the ongoing consolidation phase that LayerZero has entered. Volume data from Binance spot market shows $5.03 million in 24-hour trading activity, indicating moderate interest despite the price decline. This volume level suggests that while selling pressure exists, it hasn’t reached panic levels that might signal a more severe correction. ZRO Technical Analysis: Mixed Signals as Momentum Builds LayerZero technical analysis reveals a complex picture with both bullish and bearish elements competing for control. The most encouraging signal comes from ZRO’s MACD configuration, where the histogram reading of 0.0143 indicates building bullish momentum despite the recent price decline. ZRO RSI currently sits at 51.32, placing LayerZero firmly in neutral territory. This positioning suggests that neither buying nor selling pressure has reached extreme levels, leaving room for movement in either direction based on market developments. The moving average structure presents mixed signals for ZRO…

---

Filed under: News - @ August 20, 2025 7:23 am