LayerZero (ZRO) fell more than 11% in 24 hours while Bitcoin, Ethereum and XRP gained almost 2%. Long liquidations reached $512,000 versus only $5,770 in short liquidations, a 10x ratio in favor of bears. The price broke below the sideways range between $1.244 and $2.593, turning the $1.244 level into resistance. Token unlocks of 25.71 million ZRO occur monthly on the 20th, representing 4.40% of total supply, adding potential selling pressure. The most likely scenario would see ZRO drop toward the $0.310 support level created during the October 10th market crash.
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