LayerZero (ZRO) Rebounds 1.12% Despite Major Token Unlock Selling Pressure
The post LayerZero (ZRO) Rebounds 1.12% Despite Major Token Unlock Selling Pressure appeared on BitcoinEthereumNews.com.
Terrill Dicki Jul 27, 2025 13:57 ZRO price recovers to $1.98 after 25.7M token unlock caused selloff. Technical indicators show neutral signals with key support at $1.74 holding firm. Quick Take • ZRO currently trading at $1.98 (+1.12% in 24h) • LayerZero RSI at 44.89 suggests neutral momentum with potential for either direction • Recent 25.7 million token unlock created downward pressure, but strategic partnerships provide fundamental support What’s Driving LayerZero Price Today? The ZRO price is showing resilience today with a 1.12% gain, recovering from the significant selling pressure that emerged following last week’s major token unlock event. On July 20, LayerZero released 25.71 million ZRO tokens into circulation, representing a substantial 23% increase in the circulating supply. This unlock immediately triggered selling activity, pushing the ZRO price down 2.75% to $2.26. However, recent partnership developments are helping stabilize sentiment around LayerZero. The July 24 announcement of Muon’s partnership with LayerZero to enhance cross-chain interoperability has provided positive fundamental support. This collaboration aims to enable secure cross-chain token transfers and launch a multichain token launchpad, directly leveraging LayerZero’s core infrastructure strengths. Additionally, market discussions on July 23 highlighted LayerZero’s commanding 80% market share in cross-chain messaging protocols, reinforcing the project’s dominant position in the interoperability space. Despite these positive developments, the ZRO price remains under pressure from the increased token supply, trading well below recent highs. ZRO Technical Analysis: Neutral Signals Point to Consolidation Phase LayerZero technical analysis reveals a market in consolidation, with the ZRO RSI currently at 44.89, placing it firmly in neutral territory. This RSI reading suggests that LayerZero is neither overbought nor oversold, indicating potential for movement in either direction depending on market catalysts. The ZRO MACD histogram shows a bearish reading of -0.0333, suggesting weakening momentum…
