The post Why LayerZero (ZRO) and Canton (CC) Are Pumping While Bitcoin, Ethereum, and XRP Consolidate appeared on BitcoinEthereumNews.com.

The post Why LayerZero (ZRO) and Canton (CC) Are Pumping While Bitcoin, Ethereum, and XRP Consolidate appeared first on Coinpedia Fintech News The broader crypto market is taking a breather. The global tensions over tariffs, the Greenland acquisition, Japan bonds, etc have been negatively impacting the cryptos. As a result, the Bitcoin price tumbled below $90,000, dragging the Ethereum price below $3000. The other top cryptos also faced a similar pullback, but the prices of some of the altcoins like Layer Zero and Canton have been leading the gainers’ list.  Here’s what’s causing this surge, and how high could the prices of ZRO and CC go amid the bearish influence over the markets?  LayerZero (ZRO) Climbs Following a Major Token Unlock LayerZero price rally is closely tied to a catalyst traders love (and fear): a large token unlock event. Reports tracking scheduled unlocks show LayerZero released about 25.71 million ZRO, roughly 6.36% of the released supply. Normally, unlocks raise concerns around sell pressure. However, trackers show ZRO price is posting a strong 24-hour move alongside elevated volume, consistent with a catalyst-fueled rotation day.  The ZRO price rebounded and is about to test the resistance of the descending parallel channel. The question now arises whether it can break through the resistance, which may signal the beginning of a fresh upswing. It has to be noted that the Gaussian channel has just flipped bullish while the RSI has entered the overbought zone. This can be considered an early stage of an uptrend, and as the trend is strong, no major reversals can be expected, despite the RSI reaching 80. The other indicators like DMI, Supertrend and MACD are also extremely bullish, hinting towards a bullish continuation.  If the LayerZero price manages to close the day’s trade above the channel, a rise to…

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Filed under: News - @ January 21, 2026 5:19 am