LayerZero (ZRO) Down 10% After Retail Sells Hard, More Losses Ahead?

LayerZero (ZRO) has lost 10% of its valuation over the past 24 hours, with its weekly losses reaching 15%. The altcoin's momentum suggests further downside potential, with a potential revisit to the 50% retracement level and a possible drop to $1.45 or lower. On-chain activity also indicates intense selling from retail traders, with a significant number of orders on DEX platforms like Uniswap. Transaction activity on LayerZero has also declined, dropping by over 70% in three weeks.