LayerZero’s ZRO token surged 14.42% to reclaim the $1 mark, trading around $1.16 with volume up 15.46% to $115.9 million. Open interest climbed 15.75% to $126.33 million, while Binance top traders showed 79.75% long positioning with a Long/Short Ratio of 3.94. The price broke above a descending channel and reached $1.255, but the RSI hit 81.23, signaling overbought conditions and potential near-term exhaustion risks. Key support sits at $1.00, with resistance at $1.255 and $1.545 before the $2.00 supply zone.
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