LayerZero Price Rebound Hits the Line Where It All Broke

As of 17:22 UTC on November 3, LayerZero's ZRO token traded at $1.88, up 9.15% for the day on Binance, after opening at $1.73 and ranging between $1.68 and $1.92 on about 3.7 million tokens in volume. The move brought it near the 0.382 Fibonacci retracement marker, a chart level, around $1.89, a threshold ZRO broke below on October 22 during a pullback from its October 12 spike to $2.49. That rally had begun near $0.91 on September 15 and added about 173% in under a month. ZRO later fell to a wick near $1.42 on October 30 before closing back above the 0.5 level near $1.70, and it has since stalled twice in the low $1.90s.