Reviewed by Reviewed by Saman Waris Updated 19:00 EDT October 6, 2026 Share Share Share Back to Top Over the past 24 hours, LayerZero regain its upward footing after falling to $1.7. The altcoin bounced back, flipped $2, and rose to $2.19 before retracing
As of this writing, LayerZero was trading around $2.118, up 11.5% on the daily charts. This price hike was backed by a 45% jump in Spot trading volume
Two days ago, LayerZero made notable gains after its cross-chain dominance drew renewed market attention. This price uptick, however, proved short-lived as the altcoin retraced to $1.7
LayerZero [ZRO] primarily rallied because of the higher cross-chain transfer volume, but it faced higher profit-taking as a result
Now, ZRO has seen a slowdown in profit-taking as well. In fact, after six days, exchange outflows finally outpaced inflows
Over the past 24 hours, for example, Spot netflow fell 156% to -$1.03 million, marking a reversal from the $1.4 million recorded three days ago. The negative Spot netflow suggested that more tokens were leaving exchanges than entering them
Demand for the protocol has continued to rise. As a result, fees generated by the protocol have more than doubled
Over the past 30 days, the network’s fees rose from $147K to $301K, according to Mithridates. Higher fees often translate to greater revenue, which in turn strengthens fundamentals
Although some short-term concerns have cooled and market usage is picking up, investors are worried about the long-term outlook
As such, community chatter has raised concerns about the upcoming token unlocks. In two weeks, an additional $50 million in tokens will be released
These token unlocks will likely add more pressure to the asset. Additional selling pressure could weaken the market’s long-term outlook, particularly the trend’s sustainability
Currently, LayerZero sits on a strong upward trajectory, continuously forming higher lows. In fact, the DMI Modified indicator confirms this view
This momentum indicator has been positive for two weeks and is currently around 23. At these levels, it indicates that the altcoin is making higher highs more frequently
Often, this setup has preceded the continuation of the upward trend. Therefore, if demand holds, LayerZero could hold $2, finally flip $2.2, and target a move above $2.5. However, if it fails to close above $2.2, ZRO could drop back to $1.7
Gladys Makena is a Cryptocurrency and Financial Analyst at AMBCrypto with four years of market analysis experience. Her quantitative expertise is supported by a strong background in Finance, providing a solid foundation for a data-driven approach. At AMBCrypto, Gladys is committed to providing the community with timely and insightful news, reports and technical analysis
