Technical Analysis

7 min read

LayerZero Price Under Pressure as 25 Million ZRO Tokens Hit the Market

Published June 20, 2025 9:32 AM

By Valdrin Tahiri

Edited by Ryan James

ZRO Will Unlock 25 Million Tokens - How Will it Affect the Price | Credit: Hameem Sarwar

Key Takeaways

LayerZero (ZRO) will unlock 25 million tokens today.
The ZRO price trades inside a descending wedge.
Can ZRO break out despite the added selling pressure?

LayerZero (ZRO) fell by 80% after its all-time high in December 2024. While the price rallied in March 2025, it has lost most of its gains.

With a significant token unlock upcoming today, the ZRO price risks another breakdown.

Let’s examine a few charts and see if ZRO can begin a trend reversal despite the token unlock.

ZRO Token Unlock

Today, on July 20, ZRO will unlock 25,71 million tokens, 23.13% of the circulating supply.

This is the first token unlock since the June 20, 2024, token generation event.

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The event will kick off a linear vesting schedule that will continue for two years, during which 45 million tokens will be released monthly.

From the unlock, nearly 13 million tokens will go to the Strategic Partners, 10 million to Core Contributors, and 1.6 million will be repurchased.

ZRO Token Unlock — ZRO Unlock Schedule | Credit: Tokenist

Token unlocks of such a large percentage of the circulating supply often adversely affect the ZRO price, which has declined for 88 days.

ZRO Price Analysis

The daily time frame ZRO analysis shows that the price completed a rapid five-wave upward movement in March and has fallen since.

The decline resembles a corrective A-B-C structure (red), which might have ended since waves A and C have a 1:1.27 ratio.

Despite the bullish wave count, indicator readings do not confirm the trend reversal.

ZRO Count — ZRO/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

ZRO is also at the 0.854 Fibonacci retracement support level, the final one before the previous lows.

On the contrary, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are falling.

As a result, while the ZRO price is at an ideal level for a bullish trend reversal, it is unclear if it will begin one.

Possible Bottom Ahead

The ZRO price analysis is bullish despite the significant token unlock.

However, the LayerZero price has to create a bottom formation at the current support level.

A daily close below $1.81 will put the bullish count at risk and could lead to new lows.

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer. He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape. Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights. He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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