Market Overview: LayerZero/Bitcoin (ZROBTC) – 24-Hour Review

Summary
• Price tested key resistance near $1.71e-05 but failed to break above.
• Volume surged in the early morning ET, confirming bearish continuation.
• RSI suggests moderate momentum with no clear overbought or oversold conditions.
• Bollinger Bands show mild contraction, hinting at potential volatility increase.
• Fibonacci levels at $1.694e-05 and $1.71e-05 were critical in today’s range.

LayerZero/Bitcoin (ZROBTC) opened at $1.694e-05 on 2025-12-13 12:00 ET, reached a high of $1.725e-05, a low of $1.648e-05, and closed at $1.692e-05 on 2025-12-14 12:00 ET. Total volume was 35,741.94, with a notional turnover of $5.32.

Structure & Formations

ZROBTC showed a series of bearish inside bars and bearish engulfing patterns near $1.71e-05, confirming pressure below that level. A notable bearish rejection at $1.71e-05 indicated key resistance had not yet been overcome. Price also found support at $1.678e-05, forming a potential base ahead of the 24-hour close.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed over twice, showing mixed short-term sentiment. On the daily timeframe, the 50- and 200-period moving averages remain aligned lower, suggesting a continuation of a longer-term bearish trend may persist.

MACD & RSI

MACD remained below the zero line, indicating bearish momentum, with a weak histogram showing no significant acceleration. RSI hovered between 40 and 60, signaling a neutral to slightly bearish bias without entering overbought or oversold territory.

Bollinger Bands

Bollinger Bands tightened during mid-ET hours, signaling potential for a breakout or breakdown. Price traded near the lower band for much of the session, but did not confirm a strong breakout.

Volume & Turnover

Volume surged to a high of $4,400 notional in the early morning ET hours, coinciding with a sharp decline from $1.71e-05 to $1.665e-05. Price and volume were aligned in bearish fashion during this move. Turnover diverged slightly in late ET hours, with price rising but volume falling—suggesting caution for short-term buyers.

ZROBTC may attempt another test of $1.71e-05 in the next 24 hours, but risks falling further if key support at $1.678e-05 fails. Traders should closely watch for a break of this level, which could trigger a retest of $1.648e-05.