š° #ZRO Moving Sideways
LayerZero is a fairly popular token that hit the market last year. Unlike similar tokens (ZK, STRK), it hasn't seen the notorious price crashes in recent years šāāļø.
On the daily timeframe, the coin has entered a clear horizontal channel šÆ. This is accumulation between levels ~$1.60 and ~$3.25, which act as support and resistance respectively.
Within this channel, price moves from one boundary to the other āļø. The last time it touched the lower boundary was recently. After breaking through the descending trendline that was acting as resistance, we should expect a move toward the upper boundary of the channel.
I expect strong upward movement on this token. Growth is most likely in the near term š.
š #GENIUSAct
