#ZORA ZORA daily chart analysis:

1. After ZORA broke the issuance price of 0.01 on May 8, it set a new historical low of 0.00872, a drop of 78.2% compared to the highest point of 0.04. After hitting the bottom, the K-line quickly formed a stable entity at 0.01, establishing a new bottom center in the range of 0.00872-0.01. It rebounded to the bottom of the previous downward center, and after completing the high pressure test, it immediately began a bottom support test. After a week of adjustment, it is expected to retest the top of the 0.00872-0.01 center.
2. After the weekly line change next week, if the K-line and price stabilize above 0.013, it will continue to test resistance upwards and enter the price range of 0.01491-0.2292, moving out of this range. Conversely, if the K-line entity cannot stabilize above 0.01, the downtrend will continue, further testing support downwards.
3. MACD on the 12-hour chart has flattened and is returning near the 0 axis, and we need to be cautious of the risk of continuing to test support below the 0 axis.
4. VOL - The trading volume has shrunk in the past five days, with most of the market in a wait-and-see mood. The bearish trend is nearing its end, and the bulls are beginning to accumulate strength. The conversion of the long and short trends has quietly begun. From the perspective of market operation patterns, the resistance to price increases is minimal at this time, allowing for a relatively small amount of capital to drive prices up.
5. Recently, the ZORA project team has made good progress in financing, which helps to boost market sentiment.
6. If this week's weekly chart closes above 0.013, the daily chart will further look bullish next week!