Add as a preferred source on GoogleLayerZero Daily Chart Marks $1.76 as Recovery Threshold
Recovery remained unconfirmed, with the daily chart also marking a $1.72 pivot and a $1.81 20-day exponential moving average.
A technical analysis dated Oct. 29 left LayerZero (ZRO) recovery unconfirmed, setting a completed daily close above $1.76 as the threshold for confirming a rebound. The analysis described a conditional chart level; it did not say ZRO had closed above it.
The chart assessment also listed a daily pivot at $1.72 and a 20-day exponential moving average at $1.81. It gave the daily relative strength index at 45.5 and described the moving average convergence divergence histogram as negative but narrowing.
An Oct. 16 ZRO chart analysis listed resistance at $2.1376 and $2.2705, with support at $1.9897.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.