In a stunning rally, $ZORA has exploded +80% over the last 7 days, briefly touching $0.14 before cooling to around $0.12.
๐ Whale Accumulation in Full Swing
On-chain data reveals that over 69.75 million $ZORA have left centralized exchanges this week โ a strong sign that big money is buying, not selling. This move reduces immediate sell pressure and often precedes further upside.
๐ Technical Outlook
The RSI is flashing a hidden bullish divergence, a signal that the uptrend may still have legs. Coupled with shrinking exchange supply, the setup points toward a possible continuation of bullish momentum.
๐ Key Price Levels
Resistance: $0.148 โ A clean breakout could open the door to fresh highs.
Support: $0.11 โ A break below might trigger a deeper pullback.
๐ณ Why It Matters:
When whales accumulate during a rally, itโs often a vote of confidence in the assetโs future potential. With supply tightening and technicals aligning, traders are now watching closely for the next big move.
๐ฌ The Big Question:
Will $ZORA smash through $0.148 and enter price discovery mode, or will it take a breather before the next leg up?
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