ZORA surprised traders. The token skyrocketed by 71% in 7 days, 1325% in a month, and 11881% in 6 months. Its price rose from less than a cent to the current range of 0.07-0.13, which has driven greater interest in the cryptocurrency.

The range clings to the 10-day average at 0.12, above the 100-day value of 0.10, suggesting near strength. However, the RSI at 45 remains flat, the stochastic at 13 is oversold, and the MACD is just below zero, indicating weak momentum. Traders are looking for resistance at 0.15; above this sits at 0.20.

A breakout above 0.15 could quickly lift the price by 15%, and then by 30% up to 0.20. Staying above 0.20 would extend the 6-month gain above 12,000%. A failure could drag ZORA down to 0.0394, a drop of 45% from the current mid-range. Low volume means that either move could happen quickly.

$ZORA