Bullish ZRO price prediction for 2024 is $2.784 to $3.240.
LayerZero (ZRO) price might reach $5 soon.
Bearish ZRO price prediction for 2024 is $2.200.
In this LayerZero (ZRO) price prediction 2024, 2025-2030, we will analyze the price patterns of ZRO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS INTRODUCTION
LayerZero (ZRO) Current Market Status
What is LayerZero (ZRO)?
LayerZero (ZRO) 24H Technicals
LAYERZERO (ZRO) PRICE PREDICTION 2024
LayerZero (ZRO) Support and Resistance Levels
LayerZero (ZRO) Price Prediction 2024 — RVOL, MA, and RSI
LayerZero (ZRO) Price Prediction 2024 — ADX, RVI
Comparison ofZRO with BTC, ETH
LAYERZERO (ZRO) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ
LayerZero (ZRO) Current Market Status
Current Price $2.85 24 – Hour Price Change 4.38% Up 24 – Hour Trading Volume $202,544,109 Market Cap $712,588,094 Circulating Supply 250,000,000 ZRO All – Time High $4.80 (On June 20, 2024) All – Time Low $2.58 (On June 24, 2024)
ZRO Current Market Status (Source: CoinMarketCap) What is LayerZero (ZRO) TICKER ZRO BLOCKCHAIN LayerZero CATEGORY Blockchain Interoperability Protocol. LAUNCHED ON June 20, 2024 UTILITIES Governance, security, gas fees & rewards
LayerZero (ZRO) is an innovative blockchain interoperability protocol designed to enable seamless communication between different blockchain networks. It utilizes a unique approach by combining on-chain and off-chain components to provide a trustless, decentralized messaging layer. This allows for cross-chain token transfers, data sharing, and decentralized applications (dApps) to operate across multiple blockchains efficiently. LayerZero aims to overcome the limitations of existing interoperability solutions by offering enhanced security, scalability, and flexibility. Its architecture includes a User Application (UA), Oracle, and Relayer, ensuring that messages are reliably transmitted between chains without relying on a single point of trust.
LayerZero (ZRO) Price Prediction 2024
LayerZero (ZRO) ranks 96th on CoinMarketCap in terms of its market capitalization. The overview of the LayerZero price prediction for 2024 is explained below with a daily time frame.
ZRO/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, LayerZero (ZRO) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of LayerZero (ZRO) was recorded at $2.85. If the pattern trend continues, then the price of ZRO might reach the resistance levels of 3.386, and $4.197. If the trend reverses, then the price of ZRO may fall to the support of $2.604.
LayerZero (ZRO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of LayerZero (ZRO) in 2024.
ZRO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of LayerZero (ZRO) for 2024.
Resistance Level 1 $2.784 Resistance Level 2 $3.240 Support Level 1 $2.547 Support Level 2 $2.200
ZRO Resistance & Support Levels
LayerZero (ZRO) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of LayerZero (ZRO) are shown in the chart below.
ZRO/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current LayerZero (ZRO) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $2.938Price = $2.704(50MA > Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 40.682<30 = Oversold50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume
LayerZero (ZRO) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of LayerZero (ZRO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ZRO/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of LayerZero (ZRO).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 42.140 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 44.40<50 = Low>50 = High Low Volatility
Comparison of ZRO with BTC, ETH
Let us now compare the price movements of LayerZero (ZRO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ZRO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ZRO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ZRO also increases or decreases respectively.
LayerZero (ZRO) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of LayerZero (ZRO) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price LayerZero (ZRO) Price Prediction 2025 $6 $3 LayerZero (ZRO) Price Prediction 2026 $7 $2.8 LayerZero (ZRO) Price Prediction 2027 $8 $2.6 LayerZero (ZRO) Price Prediction 2028 $9 $2.4 LayerZero (ZRO) Price Prediction 2029 $10 $2.2 LayerZero (ZRO) Price Prediction 2030 $11 $2
Conclusion
If LayerZero (ZRO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish LayerZero (ZRO) price prediction for 2024 is $3.240. Comparatively, the bearish LayerZero (ZRO) price prediction for 2024 is $2.200.
If there is a positive elevation in the market momentum and investors’ sentiment, then LayerZero (ZRO) might hit $5. Furthermore, with future upgrades and advancements in the LayerZero ecosystem, ZRO might surpass its current all-time high (ATH) of $4.80 and mark its new ATH.
FAQ
1. What is LayerZero (ZRO)?
LayerZero (ZRO) is an innovative blockchain interoperability protocol designed to enable seamless communication between different blockchain networks.
2. Where can you buy LayerZero (ZRO)?
LayerZero (ZRO) has been listed on many crypto exchanges which include Binance, Bybit, OKX, Huobi (HTX), KuCoin, and Kraken.
3. Will LayerZero (ZRO) record a new ATH soon?
With the ongoing developments and upgrades within the LayerZero platform, LayerZero (ZRO) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of LayerZero (ZRO)?
LayerZero (ZRO) hit its current all-time high (ATH) of $4.80 on June 20, 2024.
5. What is the lowest price of LayerZero (ZRO)?
According to CoinMarketCap, ZRO hit its all-time low (ATL) of $2.58 on June 24, 2024.
6. Will LayerZero (ZRO) hit $5?
If LayerZero (ZRO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the LayerZero (ZRO) price by 2025?
LayerZero (ZRO) price might reach $6 by 2025.
8. What will be the LayerZero (ZRO) price by 2026?
LayerZero (ZRO) price might reach $7 by 2026.
9. What will be the LayerZero (ZRO) price by 2027?
LayerZero (ZRO) price might reach $8 by 2027.
10. What will be the LayerZero (ZRO) price by 2028?
LayerZero (ZRO) price might reach $9 by 2028.
Top Crypto Predictions
Polygon (MATIC) Price Prediction
Binance Coin (BNB) Price Prediction
PancakeSwap (CAKE) Price Prediction
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.