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- MC:$3.5KHolders:10.00%
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#DecemberMarketOutlook
Zora (ZORA) It is seeing a renewed whale accumulation as major holders increase their purses from 876,000 to 1.33 million tokens. This increase reflects growing confidence as market conditions improve and buyers position for further upside.
The altcoin is trading at $0.0528, climbing 18% in the last 48 hours, and it is above the $0.0506 support level. Sustained momentum could help ZORA rally towards the $0.0568 resistance and has the potential to move higher if demands pick up, as the ongoing bullish crossover of the MACD also suggests.
However, if the bullish investor sentiment cools down, ZORA could lose the $0.0506 support and drop to $0.0447. Such a decline invalidates the optimistic outlook and indicates a short-term weak trend.