The price of Zora has returned to a key support zone within its long-term trading range, signaling a potential structured accumulation phase. If this historical support level holds, the technical setup suggests a significant upward rotation toward the range high could be on the horizon.

Trading Within a Defined Range

From a broader perspective, Zora’s price action continues to move within a well-defined trading range. The lower boundary of this range has consistently acted as a foundational support level, while the upper boundary has served as a strong resistance zone. Historically, interactions with these levels have triggered sharp price movements in both directions.

After a full rotation from this support to the range high and back again, Zora is now testing the same level that previously initiated a strong rally. This cyclical behavior is often characteristic of an early accumulation phase, where supply and demand find a balance before a more decisive move. Even a recent 30% price increase following a spot listing on Robinhood didn’t alter this overarching market structure.

Key Technical Indicators

The current return to range support suggests Zora may be preparing for another major rotation, especially if buyers step in to defend this level. A successful defense could establish a new swing low, creating the foundation for a move toward the range high—a target representing an increase of nearly 200% from current prices.

Adding weight to this bullish outlook is the alignment of the value area low with the current support zone. The value area low represents a price region with historically high trading activity, often indicating where accumulation occurs. This confluence of structural support and volume-based metrics strengthens the case that Zora could be forming a base for its next major leg up.

Potential Price Scenarios

If Zora successfully holds the current range low, a rotation toward the range high resistance becomes the most likely scenario, presenting the potential for a rally approaching 200%. However, a failure to defend this critical support would invalidate the accumulation setup and could expose the asset to further downside risk.

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