$ZORA 📊 $ Can I enter the market now? A short-term trend and buying point analysis in one article
ZORA has seen a significant increase after the recent airdrop ended, reaching a peak of over $0.10, and is currently priced at $0.06893, with a daily increase of +14.28%.
So the question arises: Can I enter the market now? Is there still room for growth?
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🧠 Fundamentals & Market Status
• ZORA is a creator infrastructure on Base, linked with platforms like Farcaster and Mint.fun, with rising topics and usage
• After being listed on Binance, the circulating market cap is only about $24.1 million, with an FDV of approximately $689 million
• The airdrop portion has been fully released, and the recent market is mainly driven by real trading demand
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📈 Technical Observations
✅ Support Line: MA(7) around $0.0665 has shown short-term support
✅ After a pullback correction, there have been three consecutive days of gains, indicating a rebound
✅ Volume is decreasing and converging, entering a consolidation zone, and may change direction at any time
⚠️ There is still resistance in the range of $0.09 ~ $0.10
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📌 Strategy Recommendations (suitable for different types of investors)
🎯 Short-term Operations
• It is recommended to enter the market in small batches at $0.065～$0.070
• Set profit-taking zone: $0.085～$0.10
• Set stop-loss level: if it falls below $0.060, then stop loss
🪙 Medium to Long-term Holding
• If you are optimistic about the Zora block and Base ecosystem, consider holding until the next wave of ecological explosion
• The next hotspot may come from Zora mint activities, NFT minting trends, and Farcaster promotion
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📉 Risk Reminder
• At this stage, it is no longer an early bird phase, so it is advisable not to go all in and pay attention to pullback risks
• If BTC/ETH experiences severe fluctuations, ZORA may also be affected
• If there are no significant positive developments, it may continue to oscillate and consolidate in the short term
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📣 Summary:
ZORA is currently in the “observation period after a strong correction,” entering is not considered high, but risk management is necessary.
If you are looking at themes + infrastructure, ZORA still has potential on the Base chain;
If you are a short-term trader, it is advisable to patiently wait for lower points to enter in batches, making quick and stable exits.
What is your current operation strategy?
💬 A. Enter in small batches at low points
💬 B. Wait for volume expansion and breakout
💬 C. Continue to observe and not engage
Feel free to leave a message to exchange ideas!
