$ZORA is sitting right on a critical battlefield.
Price is holding near $0.0313, just above the recent local low around $0.0302, after a prolonged daily downtrend. Market cap stands near $140M, with $13M+ on-chain liquidity and a massive 1.08M holders, showing this isn’t a dead chart — it’s a crowded arena.
Technically, ZORA is still below MA(7), MA(25), and MA(99), confirming bearish structure, but selling momentum is clearly slowing. Volume has dried up after heavy distribution, often a sign that weak hands are exhausted. The last major rejection came near $0.0467, which now acts as a strong overhead resistance.
Key levels
Support: $0.0300 – $0.0295 (must hold)
Resistance: $0.0362, then $0.0430
Trend bias: Bearish, but entering potential stabilization zone
If support holds, this zone could trigger a relief bounce or base formation. A clean reclaim above $0.036 would be the first signal that momentum is shifting. Lose $0.030 and the chart opens up for deeper downside.
This is not breakout territory yet — this is the decision zone.