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$ZORA /USDT – Big Crash Ahead? ⚠️
The current price of ZORA is $0.06007, showing a -0.53% change in the last 24 hours. After the recent failed breakout near $0.0699 and a retracement to $0.0577, the chart reveals consistent lower highs — a classic sign of bearish pressure. On the 1H timeframe, bearish candles are stacking up, suggesting momentum may be shifting toward another downward move if support breaks.
Trade Setup
Entry Zone: $0.0600 – $0.0610
Target 1 🎯: $0.0578
Target 2 🎯: $0.0555
Target 3 🎯: $0.0520
Stop Loss: $0.0638
If $0.0577 (recent support) breaks with strong volume, we could see accelerated downside pressure toward the mid-$0.05 region. However, if the price reclaims $0.0638 with increasing volume, a bullish reversal may ignite a short-term relief rally.
⚠️ Risk note: Market structure still leans bearish in the short term, so patience and tight stop-loss management are key here.
#zora #bearish #crypto