Zora Skyrockets 50% on Perps Listings and Base Ecosystem Boost

Generated by AI AgentCoin World
Monday, Aug 11, 2025 7:56 am ET1min read
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Aime RobotAime Summary

- Zora (ZORA) surged nearly 50% in 24 hours, hitting $0.13 and a $450M market cap, driven by Binance’s 50x leverage perps and increased trading volume.

- On-chain activity spiked with 47,000 token issuances, boosted by Zora’s Base App integration, enhancing creator access and liquidity.

- Technical indicators show overbought RSI (77.08) but bullish MACD, with ZORA breaking $0.13 resistance and targeting an all-time high.

- Analysts warn of potential pullbacks if support at $0.08800 fails, despite rising open interest ($155M) and 67% higher market activity.

Zora (ZORA) has experienced a dramatic price surge of nearly 50% over the past 24 hours, with the token reaching over $0.13 and pushing its market capitalization to $450 million [2]. This rapid rise is part of a broader weekly rally, during which ZORA has gained more than 114%, establishing itself as one of the top-performing tokens in the cryptocurrency market [3].

The price movement coincided with a significant spike in trading volume, which jumped to $284 million on Sunday from under $160 million the previous day [2]. The increased liquidity appears to have been driven in part by the introduction of ZORA perpetual futures contracts on major exchanges such as Binance. These contracts offer leverage of up to 50x, broadening access for traders and attracting speculative capital into the ZORA market [3].

On-chain activity also saw a notable increase, with 47,000 token issuances recorded from 21,000 creators on Sunday—the highest level since July 31 [2]. Zora, a Layer 2 solution built on the OP Stack for creators and media minting, has continued to gain traction since its inclusion in the Base App discovery flow in mid-July, enhancing retail accessibility and encouraging creator-side participation [2].

From a technical perspective, ZORA is currently in overbought territory, with its Relative Strength Index (RSI) at 77.08 [3]. Despite this, the Moving Average Convergence Divergence (MACD) indicator remains bullish, with the MACD line above the signal line and a positive histogram suggesting ongoing upward momentum [3]. Open interest in ZORA has also risen sharply, increasing by 43.49% to $155.36 million, while overall market activity grew by 67.27% to $927.75 million during the rally period [3].

Analysts note that ZORA has broken through key resistance levels at $0.1250 and $0.1300, with the token now targeting its all-time high [3]. For the bullish trend to continue, the price must remain above the $0.08800 support level, according to market experts [3]. While the current momentum supports a positive short-term outlook, the overbought conditions could trigger a pullback as early investors take profits [3].

ZORA’s recent performance underscores the growing interest in Layer 2 platforms and creator-driven blockchain ecosystems. With increased trading volume and expanded listings on major exchanges, the token’s liquidity and market participation are expected to continue rising [2].

Source:

[1] title: Zora Surges 50% as Perps Listings and Base Ecosystem ...

url: https://www.coindesk.com/markets/2025/08/11/zora-surges-50-as-perps-listings-and-base-ecosystem-flows-drive-breakout

[2] title: Zora (ZORA) Price: Token Surges Nearly 50% in 24 Hours ...

url: https://blockonomi.com/zora-zora-price-token-surges-nearly-50-in-24-hours-on-increased-trading-volume/

[3] title: ZORA price today, ZORA to USD live price, marketcap and ...

url: https://coinmarketcap.com/currencies/zora/