ZORA’s price trades near $0.091 after a 38% pullback from its all-time high.
Negative CMF and sub-50 RSI indicate possible retest of $0.087 support.
MACD and DMI suggest a rebound toward $0.12 if ZORA holds support.
Since its launch, Zora (ZORA) has maintained a steady uptrend, reaching an all-time high of $0.15 before retreating by 38%.
Despite this correction, momentum indicators continue to flash mixed signals, suggesting the potential for another upward move.
Currently, ZORA’s price hovers at a critical level around $0.091, where ongoing outflows and fading momentum point to short-term weakness.
However, early recovery signs indicate that a rebound could be on the horizon if overall market sentiment improves.
Should investors prepare for another rally? Let’s find out.
ZORA Consolidates
On the 4-hour chart, the Chaikin Money Flow (CMF) shows a negative reading of -0.06, highlighting rising selling pressure. This negative reading also indicates a steady outflow of liquidity from the altcoin
This suggests that traders may be reducing exposure as bullish momentum fades. If this continues, ZORA’s price might find it challenging to break out.
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If momentum persists, ZORA could break below its support threshold and trend downwards, reaching $0.087.
ZORA Price Analysis: Potential Rally Toward $0.12
Meanwhile, on the daily chart, momentum indicators are beginning to turn bullish. Looking at ZORA’s price action, the Moving Average Convergence Divergence (MACD) shows green histogram bars forming in the positive zone.
At the same time, the EMA 12 (blue) has crossed above the EMA 26 (orange), confirming a shift toward bullish momentum.
The Directional Movement Index (DMI) also reflects strong investor interest, with the positive +DMI (green) at 34.59, significantly higher than the negative -DMI (red) at 8.68, signaling robust bullish pressure.
The Average Directional Index (ADX) supports this view, standing at 44.97 and trending higher. This confirms the strength of ZORA’s uptrend and hints that a trend reversal could form in the coming days.
The chart also reveals a falling wedge pattern that precedes a bullish breakout.
In addition, Fibonacci retracement levels provide a clearer view of ZORA’s price path. At press time, the token trades at $0.09, slightly below the 0.618 Fib level, as it nears its next support zone at $0.087.
If ZORA holds above this support and retests the resistance zone at $0.094, it could rally toward the next Fib level at $0.12 and possibly extend its climb to the 1 Fib level.
However, a deeper correction could follow if the token breaks below $0.087, driving prices toward the 0.5 and 0.382 Fib levels between $0.077 and $0.061.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
