LayerZero (ZROUSD) Remains Strong at $2.274 Price Level

LayerZero (ZROUSD) Price Forecast: March 17

ZROUSD is seeing a notable surge in its market value as it remains strong at a $2.274 price level, finding its way to the upper resistance area. The coin price exhibits a robust upward trajectory, buoyed by broader market recoveries. The coin price tested the multiple resistance zones near $2.274, and we expect a swift increase to follow soon. Thus, the crypto price might jump towards the $3.190 and extend to meet the $3.200 upper resistance level, amid renewed buying momentum if the sell traders reduce their tension in the market.

Key Levels:
Resistance Levels: $2.280, $2.290, $2.300
Support Levels: $1.562, $1.561, $1.560

ZRO (USD) Long-term Trend: Bullish (4H Chart)

LayerZero is positive today. The price remains strong above the supply levels on the higher time frame, indicating a bullish momentum.
Pressure from the bulls to a $1.800 supply value in the last session has sustained the price of ZROUSD to remain strong above the supply trend levels in its recent high.

The coin buyers responded to the market after the interruption from the sell traders at the $2.177 support level and broke out to a high at the $2.274 resistance mark, as the LayerZero price remained strong above the moving average lines, indicating more forces from the buy traders and bullish commitment.

Based on the outlook, should the bulls go higher and close above the $3.190 peak value, a bullish breakout confirmation will reflect the improved market sentiment.

The momentum indicator also signaled up, indicating an uptrend. Buyers are expected to continue with the trend, and in this case, the ZROUSD might reach the $3.200 upper resistance value, as it remains strong above the supply levels in its long-term perspective.

ZRO (USD) Short-term Trend: Bullish (1H Chart)

ZROUSD’s price remains strong, moving towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility in its lower time frame.
The bullish impact on the crypto at the $1.784 high mark in the last session has sustained its price above the trend level in its recent high.

The LayerZero price remains strong at a $2.274 level above the EMA-50 as the 1H chart begins today due to a bullish impact on the market price.

However, staying above the supply mark will give the coin buyers the tendency to influence the price actions.

ZROUSD’s price remains strong at the $2.274 high level above the moving averages; if the bulls increase their tension in the market, the price tendency will rise above the key levels at $2.350, as the coin maintains its upward trajectory.

Hence, LayerZero may continue its bullish correction as indicated by the daily stochastic, pointing up.

In light of this, more gains and strength from the coin may pull the token price to reach the $3.200 upper high level as the bulls continue to influence the market conditions in the lower time forecast.

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