LayerZero price rallied as much as 45% on Wednesday after the company announced it would launch its own layer 1 blockchain, named Zero, later this year – because even numbers crave a bit of theater and a passport to the afterparty of the crypto cosmos.
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A look at other technical indicators has also presented a more grounded perspective of the bullish outlook. Notably, the MACD lines have formed a bullish crossover while the Supertrend line has moved under the price level, flashing a green signal like a traffic cop who actually enjoys his job.
Hence, LayerZero is likely to continue its rally to its May 2025 high of $3.34 and successively to $3.6, which is the target calculated by adding the height of the cup formed to the neckline level. The target would mark over a 45% increase from the current price level.
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2026-02-11 12:46