ZORA is maintaining its resilience amid a volatile market, rising 69.76% over the last seven days and now priced at $0.06875, having advanced 2.96% on the day.
Although spot trading volume has dropped 26.58% to $148.25 million, short-term buying momentum has eased, yet the price holds steady.
The token remains securely above its primary support level of $0.065, indicating robust price traction in the wake of a recent breakout and indicating a favorable zone of accumulation for bulls.
ZORA maintaining higher readings in spite of the overall sluggish market sentiment is a demonstration of relative strength.
Crypto analyst Tryrex refers to this increase as a “stealth rally.” He recommends buying near $0.09621 with a stop-loss near $0.08789. Target price on 10X leverage is $0.12075, indicating faith in further upward movement fueled by solid technicals and sentiment within the market.
Strong uptrend points to key resistance levels
Another analyst, Crypto_Jobs, praised $ZORA’s tenfold gain in under a month. The technical analysis shows a solid uptrend with sustained buying pressure. Crypto_Jobs forecasts a 20–30% further increase, targeting the psychological resistance zone near $0.1250 to $0.1300.
The resistance area also aligns with the trend analysis on the four-hour chart, an important level for traders. A break higher could seal the strength of the uptrend. Crypto_Jobs does warn of short-term selling pressure from early investors taking profit, however.
In spite of potential volatility, it is necessary to hold support higher than $0.08800. While this remains in effect, the bullish trend continues unscathed. Trend-chasing investors may look for safer entry points close to this level to ride out ongoing upside.
Volatility and market prediction of ZORA
The price of $ZORA has been experiencing a healthy fluctuation between $0.0896 (24-hour low) and $0.1103 (recent all-time high). Breaking and consolidating through the former ATH is significant towards the continuation of the rally. A breakout through current resistance successfully might attract more buyers.
The robust 24-hour volume of over $200 million is an indication of great market interest. Increasing investor confidence confirms $ZORA’s prospects of achieving more gains this August. All traders and holders must monitor significant support and resistance points closely.
Tight tracking of price action will allow for strategic points of entry. Due to solid fundamentals and growing demand, $ZORA is one of the hottest crypto tokens this month.
