ZORAUSDT has exploded over 12% in the last 24 hours, continuing its run as one of the most volatile meme coins on Binance. With massive volume and RSI deep in overbought territory, traders are eyeing whether this rally has legs or is due for a cooldown.
๐ Technical Analysis
On the 4H chart, ZORAUSDT is in a strong short-term bullish trend.
- Support: $0.08595
- Resistance: $0.10667
- Pattern: Price surged from $0.085 and is testing resistance near $0.106, with a potential breakout toward $0.11007
- Volume: Extremely high at 153M, signaling strong momentum
- RSI: At 77.36, deep into overbought territory
- MA(5) and MA(10): Both trending upward, confirming bullish bias
Outlook: Bullish, but overbought conditions suggest caution
๐ฐ Market Data & News
- Current Price: $0.10402
- 24h Change: +12.43%
- No major headlines, but meme coin hype and speculative flows are driving price action
๐ Scenario Breakdown
Bullish Case: A breakout above $0.10667 with sustained volume could push ZORA toward $0.11007 and beyond
Bearish Case: Rejection at resistance and a drop below $0.085 would signal exhaustion and potential retracement toward $0.070
๐ Sentiment Meter
๐ Bullish Momentum โ Strong breakout setup, rising volume
โ ๏ธ Risk Level
๐ด High โ Volatile price swings, RSI overheated, unclear sustainability
๐ฌ Whatโs your play if ZORA hits $0.110 or drops back to $0.085? Drop your strategy below ๐
๐ Drop your chart view below ๐
๐ Comment your bias: Bullish or Bearish?
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๐ข Not financial advice. Always DYOR and manage your risk.