🚨 ZRO/USDT Perp Update – Real-Time (~$1.846, -2.64%)

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📰 News & Fundamentals

LayerZero (ZRO), a key player in cross-chain messaging, remains fundamentally strong but currently lacks major news catalysts. The market is still digesting the impact of its airdrop and TGE last month, which initially brought hype but has since faded amid profit-taking.

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📈 Technicals & Entry Zones

ZRO is forming a bearish continuation pattern below the $1.90 resistance, with price breaking below the 20 EMA on 4H.

Support: $1.78 (local bottom), $1.65 (stronger demand)

Resistance: $1.90 (key rejection zone), $2.05 (previous breakdown level)

Entry Long: $1.78 support test → TP: $1.90 → SL: $1.74

Entry Short: $1.88 (if rejected) → TP: $1.78 → SL: $1.92

MACD shows fading momentum, and RSI leans toward oversold, but not enough for reversal confirmation yet.

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🧠 Smart Money Activity

No aggressive whale accumulation observed on-chain. Some wallets that received airdrops continue to distribute gradually—still bearish overhang.

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🎯 Sentiment: Bearish

Until price flips $1.90 into support, sellers are in control.

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#ZRO #LayerZero #CrossChain