After Zora airdrop goes awry, what’s next for Web3 creator economy?
ZORA Token Launch Issues: The launch of the ZORA token has faced backlash due to poor communication, a significant drop in price, and dissatisfaction with its distribution model, leading many users to question the future of onchain monetization for creatives.
Shift from NFTs to Memecoins: As interest in NFTs declines, Zora is pivoting towards content coins, reflecting a broader trend among creators moving away from traditional NFT models, with a focus on enhancing user experience and artist independence in the creator economy.
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Technical Analysis for ZORA
Technical Sentiment Analysis for ZORA (ZORA) As of , ZORA (ZORA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZORA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZORA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
ZORA (ZORA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0145 | 0.00293 | 0.0133 | 0.0307 | 0.041 | 0.0584 | 0.0687 |
| Fibonacci | 0.00293 | 0.0135 | 0.0201 | 0.0307 | 0.0413 | 0.0478 | 0.0584 |
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