Zora (ZORA)$AGLD $SIGN $COOKIE

At the time of writing, ZORA has lost 18% in the last 24 hours. The decline in the on-balance volume (OBV) metric on the hourly chart confirms selling pressure. The indicator assesses the overall pressure of buying and selling. Its decline indicates that selling outweighs buying activity.

This indicates a weakening of bullish momentum in the ZORA market and a possible price decrease if the trend continues. In that case, a return to the historical low of $0.0151 or even lower is possible.

However, if demand increases, the asset price may rise to $0.0170.