ZORA Crypto Shows Signs of Accumulation Amid Rising Retail Demand and On-Chain Activity
Main Idea
ZORA crypto has shown significant growth, reaching a new all-time high of $0.148, driven by increased retail demand, record on-chain activity, and capital inflows.
Key Points
1. ZORA's market cap rose from $344 million to $478 million, with daily trading volume increasing to $350 million, reflecting heightened retail activity.
2. Negative Spot Netflow suggests accumulation, with outflows exceeding inflows, indicating reduced supply on exchanges.
3. On-chain activity reached new peaks, with daily created coins hitting 62.4K and unique creators climbing to 27.8K.
4. Technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest bullish momentum, with buyers maintaining control.
5. If buying pressure persists, ZORA could reclaim $0.14 and target a fresh all-time high, though fading momentum could lead to price declines.
Description
ZORA crypto surged to $0.148, driven by record on-chain activity and increased retail demand, suggesting strong accumulation trends. ZORA’s market cap rose from $344 million to $478 million, indicating significant
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