LayerZero (ZRO) gained 35% over the past week after breaking above its pennant pattern past the $1.30 pole high. Whale activity and spot buying are supporting the bullish trend, with the token trading above its 20-day, 50-day, and 100-day EMAs. Trading volume exceeded $1.4 billion over two days, surpassing the project’s fully diluted valuation. The $1.40 resistance level represents the next major target, though a breakdown below key EMAs would invalidate the bullish setup.
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