Will #ZRO Continue to Climb or Not? Must Watch For BullsYello, Paradisers! Are we witnessing the beginning of a powerful bullish reversal on #ZROUSDT, or is this just a fakeout setup? Let’s dissect this setup of #LayerZero:
💎After weeks of consistent bleeding, #ZRO has printed a classic falling wedge pattern, often a precursor to bullish reversals. This wedge has now been broken to the upside, with price currently trading around $2.037, suggesting renewed buyer interest following the breakout from descending resistance.
💎What’s crucial here is the retest of the wedge’s descending support, which aligns perfectly with a strong demand zone between $1.499 and $1.791. As long as #ZROUSD respects this zone, the probability of a bullish continuation remains high. This zone also serves as a clear invalidator for the setup—if price closes below $1.499, the bullish thesis will be off the table.
💎From here, if bulls can maintain control, we’re eyeing a potential move toward the moderate resistance at $2.722. That’s the first real hurdle where profit-taking or short interest could spike. A clean break above that level would open the path to the strong resistance around $3.339, where a heavy supply zone is likely to cap further upside.
💎Until then, we expect a series of zigzag corrections above the support zone before any sustained push higher. However, be cautious, losing the $1.499 support turns the structure bearish and could drag the price toward the $1.20 region, or lower.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
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