Key Takeaways
- ZRO’s price has risen by 13% in the last 24 hours amid a cryptic message from the project.
- LayerZero Holders have not refrained from accumulating despite high network activity.
- This analysis reveals the targets ZRO could reach as it aims to defy the bear market.
LayerZero (ZRO) is quietly doing what almost nothing else is managing right now.
While Bitcoin (BTC) and most major cryptos remain pinned under the weight of the recent crash, ZRO’s price has pushed into a fifth straight day of recovery.
Over the last 24 hours, the LayerZero price has increased by 13%. In the process, the altcoin has reclaimed $1.85.
For some, this might mean a false breakout. However, on-chain data and several technical indicators suggest otherwise, with most indicating ZRO could trade higher.
LayerZero Cryptic Message Drives Price Higher
A big part of the recent surge is the Feb. 10 “countdown trade.” When a project teases an ecosystem event , markets don’t wait for the headline; they front-run it.
That’s exactly what the ZRO price action looks like. Localized demand building as traders bet on a partnership reveal, an upgrade, or another credibility stamp that reinforces LayerZero’s “messaging layer” narrative across chains.
The other pillar is supply absorption, which is why the move is notable even with a Feb. 20 token unlock looming.
In a weak market, unlocks usually hang over price like gravity. Here, the setup is saying something different.
According to CCN’s findings, large holders appear willing to absorb supply rather than rush it to exchanges. Evidence about this is reflected in the number of addresses holding over 10,000 ZRO tokens.
Large Holders Contribute to the Pressure
Based on Glassnode data, this has reached a new all-time high.
As shown below, LayerZero shows a clear accumulation bias. While price has trended lower before the recent bounce, large holders are absorbing supply into weakness.
In a bear market, this behavior usually signals an ownership transfer from weak hands to strong hands.
Should this remain the case, ZRO’s price will likely breach $2. However, until price structure confirms (higher lows, reclaimed key resistance), this remains constructive but incomplete.
Network Activity Backs Trend
In other news, the ZRO chart below adds an important confirmation layer to the broader accumulation narrative.
For some time, the LayerZero price has been struggling to trend higher, but underlying network activity tells a very different story.
The sustained positive Price–DAA divergence indicates that daily active addresses are increasing even as price remains compressed, a pattern that typically signals organic demand.
Furthermore, the persistence of this divergence matters more than short-term price moves.
Temporary spikes in activity can be ignored, but sustained DAA growth suggests that engagement with the network is structurally improving.
So, if this trend continues, ZRO’s price will likely trade higher.
ZRO Price Prediction: No Stopping It
On the daily chart, CCN observed that ZRO’s price has transitioned from a prolonged distribution phase.
Notably, this happened due to an inverse head-and-shoulders pattern. Particularly, the left shoulder, head, and right shoulder formation is now clearly defined, with ZRO reclaiming the neckline area around the 0.382 retracement.
Meanwhile, the right shoulder is notably higher than the head, which reflects improving demand.
This aligns with the earlier on-chain signals showing rising large-holder counts and sustained network activity.
Furthermore, the move typically signals strong support rather than a dead-cat bounce.
In addition, the Bull Bear Power (BBP) suggests energy is returning to the market after compression.
From a broader perspective, if this setup remains the same, LayerZero might breach the $2.26 resistance.
Once that happens, the next move for the altcoin might be a rally to $2.51.
However, if today’s catalyst underwhelms, or if the Feb. 20 unlock becomes the moment supply finally hits the market, the same leverage that pushed ZRO up can unwind it fast.
Should that be the case, the cryptocurrency might decline to $1.18.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
