The post LayerZero (ZRO) Tests Critical Support at $1.93 Amid Token Unlock Pressure appeared on BitcoinEthereumNews.com.

Zach Anderson
Aug 30, 2025 15:13

ZRO price trades at $1.93 (-2.23% today) as technical indicators flash neutral signals following the $120M Stargate acquisition and major token unlock event.

Quick Take • ZRO currently trading at $1.93 (-2.23% in 24h) • LayerZero’s RSI at 46.30 suggests neutral momentum with bearish MACD divergence • $120 million Stargate Finance acquisition completed, but 25.71 million token unlock creates selling pressure What’s Driving LayerZero Price Today? The ZRO price action reflects a complex interplay between positive strategic developments and token supply dynamics. LayerZero’s completion of the $120 million Stargate Finance acquisition on August 24th initially drove a 5% price surge, demonstrating market confidence in the protocol’s expansion strategy. The all-ZRO token deal consolidates both platforms under unified governance, potentially strengthening LayerZero’s position in the cross-chain infrastructure space. However, the scheduled release of 25.71 million ZRO tokens on August 20th, valued at approximately $58.36 million, has created downward pressure on the ZRO price. This unlock represents 8.53% of the circulating supply, which typically triggers selling activity from early investors and team members. Despite the significant unlock size, the minimal impact suggests institutional confidence in LayerZero’s long-term prospects. The current ZRO price of $1.93 sits well below the recent highs, indicating that profit-taking and unlock-related selling have temporarily overshadowed the positive acquisition news. ZRO Technical Analysis: Neutral Signals Emerge LayerZero technical analysis reveals mixed momentum as ZRO navigates between key support and resistance levels. The ZRO RSI reading of 46.30 places the token in neutral territory, neither oversold nor overbought, suggesting balanced buying and selling pressure. The most concerning signal comes from ZRO’s MACD configuration, which shows a bearish histogram at -0.0155 with the MACD line below the signal line. This indicates weakening bullish momentum and potential downside…

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Filed under: News - @ August 31, 2025 2:20 am