ZRO Heading for $5?

Cryptocurrency markets enter a strong recovery phase following panic selling.

The price of ZRO has surged from a low of around $2,735 to nearly $4,254, up more than 50% amidst the recent sharp decline in the cryptocurrency market.

On July 3, 2024, the ZRO token surged to $4.254, recovering from a low of $2.466 set on June 27.

Following the recent sharp sell-off, the $ZRO token has led a rapid recovery reminiscent of a V-shaped pattern.

Despite multiple attempts, the ZRO token has failed to break out of its all-time high set on July 3 and is currently stabilizing around $4,000.

On the hourly chart, $ZRO is currently consolidating inside a bullish pennant pattern following the recent gains.

According to Coingabbar, if the bullish sentiment continues, ZRO may aim for the $5 threshold driven by continued positive market sentiment.

Before testing the high of $5, the market encountered resistance from bears, which may cause the price of ZRO to remain below this level in the short term.

Key Levels:

Resistance: $4,700-6,000

Support: $3.350-2.750

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