The ZORA token sees a remarkable 26% surge following its Upbit listing announcement on the South Korean exchange. With the price nearing the crucial psychological resistance at $0.120, traders are monitoring charts for the next move. A potential breakout could drive the token to unprecedented highs.
Technical analysis reveals that the $0.120 level constitutes a major psychological resistance for ZORA’s price. This threshold corresponds to a previous peak tested multiple times without success in recent weeks. Thus, a confirmed breakout above this zone could catalyze a substantial bullish movement toward the next target around $0.180, representing an additional 50% upside potential.
On-chain indicators show a significant increase in trading volumes and a decrease in tokens available on centralized exchanges. This dynamic suggests an accumulation phase that typically precedes explosive price movements. The daily RSI remains in positive territory without reaching the overbought zone, leaving room for a continuation of the bullish movement.
The price structure also displays a series of higher lows on the 4H timeframe, a typical configuration of a market in a healthy uptrend. Support levels are progressively strengthening, with a first solid demand zone established around $0.095 and a second at $0.085. Consequently, these levels serve as a safety net in case of a temporary correction, offering Bitget traders an opportunity to strengthen their positions.
Upbit listings have historically triggered spectacular pumps for numerous tokens. This South Korean platform benefits from a particularly active user base that’s willing to invest heavily in newly listed projects. The “Upbit premium” phenomenon is well documented, with price gaps potentially reaching 20 to 30% compared to other exchanges during the first days of trading.
ZORA also benefits from favorable momentum related to its ecosystem. The protocol positions itself as an infrastructure for creating and exchanging NFTs, a sector experiencing a renewed interest after several months of consolidation. NFT trading volumes on Ethereum and layer 2 solutions are consistently rising, creating a favorable environment for projects like ZORA.
The expected increase in liquidity post-listing should reduce slippage and attract more institutional traders. This virtuous dynamic could transform ZORA from a relatively niche token into a mainstream asset followed by the entire crypto community. The next 72 hours after the listing will be crucial for establishing the new price range for the token.
Traders positioned on ZORA are carefully monitoring several scenarios. The bullish scenario involves a clean breakout above $0.120 with substantial volume, ideally exceeding 150% of the average daily volume. In this configuration, the first target would be at $0.150, followed by $0.180 if the momentum continues. A pullback to $0.110 after the breakout would not constitute a negative signal but rather a classic retest of the former resistance turned support, thus offering an optimal entry point for buying on Bitget.
Volatility will likely remain high during the first week following the Upbit listing. Experienced traders typically adopt a DCA (Dollar Cost Averaging) strategy rather than trying to perfectly time the market. Risk management remains paramount, with tight stop-losses and position sizing adapted to the expected volatility, making Bitget ideal for executing this strategy.
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