LayerZero (ZRO) Token Surges 40% Post Unlock Amid Speculation of Major Announcements
- Token Unlock Rally: LayerZero's token surged 40% following the January 20 unlock of 25.71 million tokens, which represented 6.36% of the circulating supply, as the anticipated selloff failed to materialize, indicating strong investor confidence.
- Institutional Accumulation Signal: Concurrently, a transfer of 57.3 million ZRO to BitGo custody, valued at $98 million, had no visible price impact, interpreted by analysts as a sign of institutional accumulation, further bolstering market sentiment.
- Trading Volume Surge: Market analyst CRYPTOMS noted that LayerZero's trading volume rose two to three times above recent averages, suggesting that the price movement is not random but rather a response from active market participants.
- Active Wallet Growth: On-chain data reveals a 20% to 30% week-over-week increase in active wallets, alongside a rise in cross-chain message volume, indicating a significant uptick in LayerZero's ecosystem activity and user engagement.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK) As of , Starknet (STRK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0189 | 0.0299 | 0.0418 | 0.0528 | 0.0647 | 0.0757 | 0.0876 |
| Fibonacci | 0.0299 | 0.0387 | 0.0441 | 0.0528 | 0.0616 | 0.067 | 0.0757 |
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