Zora Price Stands 35% From ATH; Can It Make It This Week?

ZORAUSDT has been rallying for the past ten days, recently reaching a new all-time high (ATH) of $0.105. Currently, Zora is trading at $0.775, just below the resistance of $0.085. This recent rally has sparked optimism among investors, positioning Zora for potential further gains.

Given the altcoin’s 7% increase today, there’s a high probability that $MEXC:ZORAUSDT will surpass its ATH of $0.105, potentially reaching new highs beyond $0.140 this week. The strong momentum indicates that the bullish trend could continue if the current market conditions hold.

However, if investor sentiment shifts and selling pressure intensifies, ZORAUSDT price could dip below $0.052. A significant drop through this support level would invalidate the current bullish outlook and could signal a longer-term decline in the coin’s value.