ZRO price drops 10% after major retail sell-off, will it continue to fall?
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According to CoinWorld, LayerZero's ZRO token dropped 10% within 24 hours, expanding its weekly decline to 15% due to the overall downturn in altcoins. On-chain data shows a surge in small sell orders on decentralized exchanges (DEX), with network trading volume dropping by more than 70% over three weeks, indicating weak retail sentiment and decreased trading activity. Technical analysis suggests that the ZRO price may retest the $1.45 support level, and market analysts maintain a bearish outlook for the short-term prospects of the cryptocurrency sector.
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