LayerZero (ZRO) is an omnichannel interoperability protocol enabling secure and efficient message passing across blockchains. Its Ultra-Light Nodes (ULNs) act as smart contract endpoints on each chain, verifying transactions using block headers and proofs.
Supporting blockchains like Ethereum, BNB Chain, Avalanche, and non-EVM chains like Aptos, LayerZero facilitates direct, trustless communication between networks, paving the way for a multi-chain future.
With a bullish surge in the last three days, will the ZRO token price experience a bull run to the $10 psychological milestone?
LayerZero Bull Run Begins
With a massive surge in the last three days, the ZRO token price undermines the initial downfall after its listing. As the LayerZero token surpasses the $3 mark, the valuations are up by 50% in three days.
Tradingview
The reversal rally forms a rounding bottom pattern in the 4H chart with a neckline at the $3 mark. The bullish breakout forms a morning star pattern at the broken neckline, reflecting a potential bull run ahead.
Currently, the ZRO token trades at a $3.835 price with an intraday gain of 1.51%, creating a fourth positive bullish candle in the daily chart. Hence, with the trend reversal and breakout rally, the ZRO price shows the immense underlying potential for a bull run.
Technical indicators:
MACD: With a bull run in motion, the MACD and signal lines are on a positive flow, reflecting a constant surge in demand. Hence, the momentum teases an uptrend continuation in the altcoin.
Will ZRO Price Hit $10?
With a bullish breakout, the ZRO price rally shows dominance above the $3 demand zone. As per the Fibonacci levels, the bull run can continue to the 1.618 Fibonacci level at the $4.438 mark. However, as the crypto market recovers and LayerZero makes waves, the altcoin can hit the $10 milestone in the coming months.
