Is ZORA Finished? 4.8% Token Unlock Approaches This Month While ZORA Price Continues to Decline
Upcoming Vesting Unlock: On October 23, ZORA will unlock approximately 166.67 million tokens (4.76% of supply) for Treasury, Investors, and Team wallets, which may exert downward pressure on the token's price.
Current Price Trends: ZORA is currently in a downtrend, having lost key support levels, with potential further declines towards $0.035 if user growth and trading volume do not keep pace with the increased supply from the upcoming unlock.
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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 | -0.0146 | 0.00278 | 0.0132 | 0.0307 | 0.0411 | 0.0585 | 0.069 |
| Fibonacci | 0.00278 | 0.0134 | 0.02 | 0.0307 | 0.0413 | 0.0479 | 0.0585 |
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