CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

NullTx 2025-05-29 10:34:32

ZORA TOKEN PRICE ANALYSIS & PREDICTION (May 29) – Zora Remains Indecisive After Washing Daily Gains, What Next?

After taking a little break from last month’s dip, Zora continued to plummet and failed to initiate a bullish rally. Although it recently saw a small recovery, it is back on a sell after a sudden increase yesterday. During the last buying phase, which brought a major recovery in several altcoins’ prices, Zora found it difficult to join the rally due to a consistent reduction, and it remained bearish with no major gains throughout April. This triggered a lot of fear, uncertainty and doubt- FUD among holders as the price continues to dip, but luckily for them, the $0.008 level stood well in the second week of this month. Since then, it remained relatively indecisive with little-to-no movement while the crypto market bled. Following Monday’s sudden surge in volatility, Zora’s price went up by over 20%, but quickly lost steam after almost testing the $0.014 level. Bringing an ill-gain due to the wick rejection, it now trades flat at $0.01. A recovery above that rejected level could fuel a fresh increase daily. Otherwise, Zora may remain indecisive until it initiates a fresh surge. A drop below the current monthly low could trigger a fresh decrease until it finds a new low. Technically, the trend is still considered bearish on the daily chart. There’s no sign of a trend shift at the time of writing. Zora’s Key Levels To Watch Source: Tradingview Anticipating a bearish move, Zora must reclaim the mentioned monthly $0.0088 low before we can consider a dip to $0.006. The lower level to watch for drops would be $0.004. In case of a trend shift, it must retake the weekly high of $0.0139 before advancing to the $0.02 level. An increase above this level could rally us to the $0.025 and $0.03 levels in the future. Key Resistance Levels: $0.0139, $0.02, $0.03 Key Support Levels: $0.0088, $0.006, $0.004 Spot Price: $0.01 Trend: Bearishp Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.