ZORA looks weak here. After running all the way up to 0.0983, it’s been in a slow and painful bleed. Price grabbed liquidity at the top and ever since then, it hasn't really shown strong signs of recovery.
It’s now sitting around 0.079, just above some short-term support. But from what I see, this looks more like redistribution than a real dip to buy.
Volume has dried up, RSI is under 40, and the moving averages are curving downward. Until ZORA pushes back above 0.085 with real strength, I don’t trust any bounce.
If it pops up near 0.082 again, I’d consider shorting. If it loses 0.075, it could slide fast.
Be careful here market looks like it’s shaking out retail before a possible dump. Let’s see if the big players show up or let it go lower.