Zora token broke a year-long bearish trend in August with a 160% rally from $0.0059 to $0.0121, surpassing the $0.007 resistance level. The price has since retraced 36% in three days with 24-hour trading volume down 46%, raising questions about the sustainability of this move. Buyers have defended the 78.6% Fibonacci retracement level near $0.0072, suggesting the decline could be a retest rather than a trend reversal. Next targets stand at $0.0121 and $0.0136, with invalidation below $0.0059. Zora’s integration with Base App enables creators to monetize posts, providing fundamentals behind investor interest.
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