šŸ’° #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 šŸ’ā€ā™‚ļø.

On the daily timeframe, the coin has entered a clear horizontal channel šŸ•Æ. 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 ā˜ļø. 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 šŸ“ˆ.

šŸ‘‘ #GENIUSAct