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LayerZero price at risk ahead of $43M ZRO token unlock

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LayerZero price is under pressure as traders brace for a $43 million token unlock that could test market support and trigger short-term volatility.

Summary

  • LayerZero trades near $1.71 as traders position for the $43M unlock.
  • Unlock will release 7.9% of supply, raising short-term sell pressure.
  • Charts show weak momentum but signs of a possible rebound near $1.60.

LayerZero was trading at $1.71 at press time, up slightly on the day but still down 11% in the past week and 13% over the past month. The token has moved within a $1.61–$2.05 range in the last seven days, holding near the lower end as traders prepare for its next major event.

LayerZero’s (ZRO) 24-hour spot volume rose to $51.17 million, a 174% jump from the previous day, showing a sudden rise in trading activity. In derivatives, trading volume climbed 180% to $81.25 million, while open interest grew 14.5% to $53.29 million, according to CoinGlass data.

The rise in open interest means more traders are taking new positions, often a sign that markets are bracing for sharper moves once the unlock goes live.

ZRO token unlock could add short-term pressure

Data from Tokenomist shows that 25.71 million ZRO, worth about $44.22 million, will unlock on Oct. 20, representing roughly 7.9% of the circulating supply. So far, only 33% of ZRO’s total supply has been released, which means this round could create some short-term selling pressure.

Even so, ongoing developments could help balance the market. LayerZero has recently expanded to Sui (SUI) Network, Starknet (STRK), and Agora AUSD, connecting to over $90 billion in liquidity. These launches tend to boost ZRO’s trading volume in the following weeks. The project’s Stargate V2 bridge is also allocating half of its fees to ZRO buybacks.

LayerZero price technical analysis

ZRO shows poor short-term momentum on the daily chart, trading below all of the major moving averages. The relative strength index is close to oversold territory at 39, indicating that a possible bounce in the token may be imminent.

LayerZero price at risk ahead of $43M ZRO token unlock - 1
LayerZero daily chart. Credit: crypto.news

The narrowing of the Bollinger Bands indicates compressed volatility before a possible breakout. Resistance levels can be found at $1.95 and $2.05. Immediate support is located close to $1.60.

Although the MACD is still in bearish territory, momentum and Williams %R show modest buying interest, indicating that any recovery may be limited unless volume stays above current levels.

While a close above $1.90 might reestablish short-term bullish momentum going into the unlock, a clean break below $1.60 might open the path toward $1.45.

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