LayerZero (ZRO) price has been surprisingly on the rise, catching investors off guard initially. đČ
However, their sentiment is shifting as the altcoin shows resilience. đ
Investor Sentiment Turns Bullish on LayerZero
ZRO surged to a peak of $4.38, nearing a new all-time high, prompting a shift from bearish to bullish outlook among investors.
This positive momentum is also reflected in ZROâs funding rate, which has been negative but is now trending towards neutrality, boosted by the recent price increase.
The upward price movement is not only boosting the funding rate but also fueling steady accumulation of ZRO throughout the month, signaling growing confidence in the altcoin.
Investors have added 4.47 million ZRO valued at $18.3 million to their portfolios, highlighting increasing demand and a bullish outlook for ZRO. đ