LayerZero price is under pressure as traders nervously clutch their pearls, bracing for a $43 million token unlock that could test market support and trigger short-term volatility. 🧙♂️💸
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The narrowing of the Bollinger Bands indicates compressed volatility before a possible breakout. Resistance levels can be found at $1.95 and $2.05. Immediate support is located close to $1.60. (A tightrope walk, if you will.) 🎭
Although the MACD is still in bearish territory, momentum and Williams %R show modest buying interest, indicating that any recovery may be limited unless volume stays above current levels. (A fragile hope, like a candle in the wind.) 🕯️
While a close above $1.90 might reestablish short-term bullish momentum going into the unlock, a clean break below $1.60 might open the path toward $1.45. (A descent into the abyss, or a new beginning? Only the market knows.) 🌀
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2025-10-20 11:59