LayerZero (ZROUSD) Price Forecast: July 24
ZROUSD is seeing a notable surge in its market value as it remains strong at a $5.348 price level and also looks good for a long. The altcoin is currently hovering above $5.216, reflecting a bullish sentiment among investors. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts. If this is attained by the bulls, a good upside momentum to a $5.800 upper resistance level could be reached soon, signaling a potentially sustained rise in the crypto’s market value.
Key Levels:
Resistance Levels: $5.100, $5.200, $5.300
Support Levels: $3.800, $3.700, $3.600
ZRO (USD) Long-term Trend: Bullish (1H Chart)
LayerZero is in a positive movement today. The price remains strong above the supply levels on the higher time frame, indicating a bullish momentum. This looks nice for the buy trader and signifies a buy signal. 
The pressure from the bulls with a long bullish candle to the $5.224 supply value in the past few hours has sustained the price of ZROUSD to remain strong above the supply trend levels in its recent high.
The coin buyers responded to the market after the interruption from the sell traders at the $5.213 support level and broke out to a high at the $5.348 resistance mark as the coin price remained strong above the moving average lines, indicating more forces from the buy traders and bullish commitment.
Based on the outlook, should the bulls go higher and close above the $5.596 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
The momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the ZROUSD might reach the $5.800 upper resistance value soon as it remains strong above the supply levels in its long-term perspective.
ZRO (USD) Short-term Trend: Bullish (15 Minute Chart)
ZROUSD indicates an upward trend with a bullish sentiment as it remains strong above the supply trend levels in its short-term perspective. The coin is trading above the level of $5.273 and presently facing the overhead resistance at the recent high. 
The coin price rises significantly above the resistance trend lines at the $2.348 level as the 15-minute chart begins today. This is due to a high bullish impact on the market price. However, staying above the supply mark will give the coin buyers the tendency to influence the price actions.
LayerZero price remains strong at the $5.348 high level above the moving averages; if the bulls increase their tension in the market, the price tendency will rise above the key levels.
Hence, ZROUSD may continue its bullish correction as indicated by the daily stochastic, pointing up. We can expect more gains and strength from the coin as the bulls continue to influence the market conditions. The pair may reach the $5.800 upper resistance level soon as it remains strong above the supply levels in its short-term perspective.
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