LayerZero’s ZRO token rebounded sharply from the late-February market crash, reaching $1.88 before stabilizing near $1.81. Technical indicators, including the Buyer–Seller Strength and Demand Index, showed strong accumulation and bullish momentum. On-chain data also supported price resilience, with a positive Price DAA Divergence indicating growing network activity outpacing the token’s price appreciation.
LayerZero has printed higher highs despite broader market weakness, rebounding from a recent crash. The altcoin hit $1.88 before a modest pullback to trade at $1.81, maintaining an ascending structure that reflects sustained bid pressure.
Dip buyers responded quickly after ZRO dropped to $1.30 during the late-February pullback. The Buyer–Seller Strength indicator showed buyer dominance near 80, while seller strength stayed below 25 until the 28th of February.
Concurrently, the Demand Index climbed from 0.058 to 0.206, confirming renewed accumulation pressure. Historically, sustained Demand Index expansion has preceded upside continuation for the token.
On top of that, Stochastic RSI printed 86.73, deep inside overbought territory. In strong trends, this indicator can remain elevated before cooling, as TradingView charts showed.
The Aroon indicator added further context, with Aroon Down at 0% and Aroon Up at 28.57%. That structure indicated a recovering trend rather than a confirmed breakout, leaving traders focused on resistance near $2.00.
Beyond technicals, network data supported price resilience. The Price DAA Divergence remained positive throughout the past month, a signal that user activity grew faster than price.
A positive reading indicates asset undervaluation relative to network growth, as Santiment data illustrates. This setup suggests long-term interest is building, which historically follows a strong price breakout.
