LayerZero (ZRO) is currently trading at $1.72, reflecting a daily increase of 1.24%. This price point is significant as it tests the critical lower Bollinger Band support. Technical indicators are indicating that the asset may be oversold, which suggests potential for a bounce. This comes during a period characterized by a lack of significant news. The Relative Strength Index (RSI) is also pointing towards the likelihood of a rebound, supporting the observation of an oversold condition. Investors and analysts will be observing the price movements closely to assess whether this testing of support will lead to a recovery or further decline.
