LayerZero (ZRO) Price Outlook Turns Bullish as Chart Sets $4.80 Upside Target

• LayerZero (ZRO) posts steady daily and weekly gains.
• Trading activity and liquidity show sharp improvement.
• A falling wedge signals a potential bullish reversal.
• Momentum indicators suggest a weakening of selling pressure.

LayerZero (ZRO) continues to follow a positive price trajectory, exhibiting a steady increase in value. Over the past 24 hours, ZRO has gained nearly 9.46%. Weekly performance appears stronger, with the token posting a 9.33% increase, signaling improving short-term momentum and renewed market interest.

At the time of writing, ZRO is trading at $1.55, supported by rising activity. Its 24-hour trading volume stands at $ 49.31 million, up 74.8% daily, while its market capitalization has reached $ 363.53 million, marking a 1.99% increase.

Source: CoinMarketCap

Also Read: LayerZero to Buy Stargate, ZRO Targets $2.20

Falling Wedge Structure Shapes the Weekly Outlook

ZRO’s weekly chart shows a fully formed falling wedge, a classic bullish reversal pattern marked by converging lower highs and lower lows. This structure reflects declining selling pressure and market compression. On higher timeframes, such wedges often precede strong upside moves, especially when price holds firmly near long-term support zones.

The price has lately bounced back from the $1.30 to $1.60 area, which corresponds to the lower edge of the wedge. Such a reaction indicates that buyers are entering the market actively at a discount. Despite the overall bearish environment, such a situation can make it possible for ZRO to perform better when a breakout from the wedge resistance takes place.

Source: @cryptclay

Following a successful breakout, the projections for upside are still clearly identified. The initial major level is set at $2.30, followed by a stronger resistance level of $2.85. Additionally, a strong buy signal may carry prices to $3.85, while the ultimate macro-level target is set close to $4.80, corresponding to previous weekly supply levels.

Momentum Indicators Show Early Stabilization Signs

On the weekly chart, RSI (14) is currently close to the 41-level, remaining below the midpoint of 50. This is still a sign of bearish pressure, but not indicative of overselling. It seems that RSI is stabilizing, which means that the selling pressure is losing strength. Crossing 45-50 would signal that the bullish energy is gaining strength.

Source: TradingView

The weekly MACD is still in the negative region, with the MACD line below the signal line. Although the histogram is gradually shrinking, this indicates a decline in the bearish force. This is typically a sign of a forthcoming reversal of the trend. The signal for a bullish cross appears to be reliable.

Also Read: ZRO Forms Rare Bull Pattern – Last Chance Before 60% Surge