Market Overview for LayerZero (ZROUSDT): 24-Hour Technical Summary

• LayerZero traded in a tight range early before a sharp decline to $1.874, forming a bearish engulfing pattern at key support.
• Price rebounded from the 1.874 level with positive momentum, closing near 1.93 at 12:00 ET, showing mixed short-term resolve.
• ZROUSDT volume surged past $1.5M during the afternoon recovery, suggesting increased buying pressure following the breakdown attempt.
• RSI signaled oversold conditions at 27, supporting the bounce, but has yet to close above 50, indicating cautious sentiment.
• Bollinger Bands compressed in the late morning before a sharp expansion, highlighting increased volatility and a potential breakout setup.

LayerZero (ZROUSDT) opened at $1.981 on 2025-08-25 at 12:00 ET and traded between $1.874 and $1.982 before closing at $1.930 at 12:00 ET on 2025-08-26. Total trading volume reached 1,093,871.46 tokens, with notional turnover of approximately $2.06 million over the 24-hour period.

Structure & Formations

The 15-minute chart shows a strong bearish engulfing pattern forming around 19:30–20:00 ET, as price broke below key support at 1.933 before rebounding. This bearish reversal was followed by a consolidation phase that saw price test and hold above the 1.874 level, forming a bullish reversal pattern. The 1.874–1.886 zone appears to be a key area of interest, with 1.874 acting as a strong support and 1.916 as a near-term resistance level.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the afternoon, signaling a bearish shift. However, the 50 MA held above 1.91 in the final hours, suggesting some short-term support. On a daily basis, the price closed above the 50-period MA, indicating that longer-term bullish sentiment has not yet faded.

MACD & RSI

The MACD turned negative in the afternoon but showed a strong positive divergence in the late evening as price rebounded. RSI dropped to oversold territory at 27 before recovering to 48 by 12:00 ET. This suggests that while short-term selling may be waning, the bulls are not yet dominant.

Bollinger Bands

Bollinger Bands tightened sharply during the morning hours, indicating a potential breakout. The move to $1.874 broke through the lower band and triggered a significant rebound. Price has since been trading within the bands, with the upper band currently around 1.93–1.94, which could be a target for the next rally.

Volume & Turnover

Volume spiked to over $1.5 million during the 19:30–20:30 ET window when price broke below 1.93, but another surge occurred in the evening as buying pressure increased. The positive divergence in turnover compared to price suggests that the recovery may be supported by stronger-than-expected buying interest.

Fibonacci Retracements

On the 15-minute chart, price retested the 61.8% Fibonacci level (1.886) and held above it, suggesting a potential base for a new rally. On a daily basis, the recent swing from 1.874 to 1.955 places key retracements at 1.896 (38.2%) and 1.925 (61.8%), both of which appear to be in play.

Traders may see a consolidation phase as price tests the 1.93–1.94 resistance and 1.886 support levels over the next 24 hours. A break above 1.94 could signal renewed bullish momentum, while a retest of 1.874 remains a key downside risk. Investors should remain cautious of potential volatility and watch for volume confirmation of any key breakouts or breakdowns.