ZORA token launched on April 23, 2025, on major exchanges such as Binance, Bybit, and KuCoin. This article will explore its initial achievements and future prospects.
The First Trading Wave of ZORA Token
The ZORA token started trading with a high valuation, its market cap reaching $600 million. In the first hours of trading, the token's price reached $0.03500, then dropped to $0.01691 as early investors took profits. The current trading level is around $0.02440-$0.0250.
Technical Analysis of ZORA Token
The analysis of the 15-minute chart shows that the token is forming higher lows, signaling accumulation. The resistance level is set at $0.02440, while key support is at $0.02150. The Relative Strength Index at 59 indicates moderate bullish momentum.
ZORA Token Price Predictions
If the ZORA token can stay above $0.02440, the likelihood of moving towards $0.02700 and $0.03200 increases. Conversely, a breakdown could see a pullback to the $0.02150 level. Analysis indicates sustained interest from the community in the token, despite short-term price fluctuations.
The ZORA token demonstrates an intriguing start in the crypto market with growth potential. However, its further development depends on holding key levels and attracting investor interest.
