ZRO faces short-term selling pressure risk from over 25 million tokens unlocking on April 20. $1.93 is a key support level; if selling volume increases and price breaks below during the unlocking period, further downside adjustment may be triggered. The $2.05–$2.08 range forms a strong resistance, and only a breakout with significant volume can open up room for a rebound. Recently, Bitcoin’s strength has partially offset selling pressure, and improved risk appetite helps ease market sentiment dominated by one-sided declines. Strategy advice: Focus on volatility around the unlocking event in the short term, strictly keep stop-loss at $1.93, and consider participating in rebound if price breaks above $2.08. Operate flexibly and beware of correlated market risks.

According to the latest unlocking schedule, ZRO will release about 25.71 million tokens on April 20 (Beijing time), representing close to $50 million in market value based on current prices. Such a scale of token release will significantly increase short-term market supply, with potential for profit-taking and concentrated liquidity release, possibly exerting downward pressure on the price in the near term. Market participants should be cautious of intensified price and volume fluctuations on or around the unlocking date, and sentiment may lean towards prudent observation.

According to Web3 asset data platform RootData, LayerZero (ZRO) will unlock approximately 25.71 million tokens valued at about 49.62 million USD on April 20 at 11:00 Beijing time.

RootData: ZRO will unlock tokens worth approximately $49.62 million in one week.

Recently, Bitcoin broke through a four-week high and approached the key $75,000 mark, signaling a recovery in risk appetite across major assets. This rally is linked to negative gamma effects in the derivatives market, and if Bitcoin holds above this level, overall volatility may further increase. Against this backdrop, while the unlocking event brings selling pressure, persistent Bitcoin strength could attract cross-market capital inflows, providing some hedging support for ZRO. If Bitcoin retreats below key moving averages, it may intensify risk aversion in the market and increase ZRO’s downside risk.

On the daily chart, ZRO has encountered resistance multiple times at around $2.05 since late March, reaching a high of $2.098 on April 7 before quickly pulling back, forming a long upper wick that points to concentrated selling pressure above. In the past ten trading days, the price has consolidated between $1.93 and $2.05, with average trading volume around 1.1 million tokens. Current volume has slightly declined but remains at the center of this range. Short-term moving averages are intertwined, MACD has flattened, and no clear directional signal is present yet. Key focus should be on changes in trading volume during the unlocking news release: a volume-supported break below $1.93 support could trigger a new round of downward adjustment; a breakout above the critical resistance at $2.05–$2.08 with increased volume could sustain rebound momentum.

LayerZero

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LayerZero Price: ZRO Live Price Today | ZRO Market Cap & Chart Analysis | Bybit

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ZRO price today is 1.95, with a live price change of -0.13 in the last 24 hours. Convert, buy, sell and trade ZRO on Bybit.

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