Will LayerZero Investors Push ZRO’s Price To New All-Time Highs?

The price of LayerZero (ZRO) has been steadily increasing, but at first investors did not expect this to happen.

However, their attitude seems to be changing as the altcoin continues to remain strong.

LayerZero investors change their tune

ZRO's rise of $4.38 is close to setting a new all-time high. This is bound to turn the bullishness that investors have been showing.

The same is true of the financial dimension. ZRO Funding, which was negative for days, is now returning to a neutral signal. This change is largely due to recent price increases.

The positive price movement is contributing to the fund rate recovery, indicating that market sentiment is likely to change. If this trend continues, the funding rate may turn positive soon.

In addition to improved funding, ZRO has steadily accumulated since the beginning of the month. This steady buying activity shows that investors' confidence in the altcoin is growing.

With this, 4.47 million ZRO worth $18.3 million was added to the wallets of investors. This significant stock highlights the growing demand and bullish outlook for ZRO.

ZRO Price Prediction: Road to New ATH

The price of ZRO is currently trying to break the resistance at $4.3, which will push the altcoin higher. Currently, the all-time high is sitting at $4.8, which is what the altcoin can do if investors turn bullish and the $4.3 barrier turns into support.

The reversal from negative to positive is a good sign and could help the altcoin establish a new ATH at $5.0.

However, if the breach fails and ZRO goes to $3.8 and lower, the altcoin could see a low of $3.4. Losing this support invalidates Bullish's thesis.