LayerZero (ZRO) surged 21.05% in the past 24 hours as of March 1, 2026, breaking above a multi-month falling wedge resistance on the weekly chart. According to data from CoinMarketCap, trading volume jumped 75.04% to $148.82 million during the rally.
The token is trading at $1.82 at the time of reporting, lifting its market capitalization to $556.04 million, up 21.13% on the day. The sharp expansion in volume suggests renewed trader participation as the token attempts to reverse a prolonged downtrend structure that began after its $7.30 peak.
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The weekly chart shows ZRO forming consistent lower highs and lower lows beneath a descending resistance trendline. Price recently rebounded from the $1.10–$1.20 demand zone before pushing toward the upper wedge boundary near $1.90–$2.00.
Accroding tot he crypto analyst Captain Faibik, A confirmed weekly close above this resistance level would validate the falling wedge breakout pattern.
Technical projections derived from the wedge structure indicate potential upside targets at $2.60 and $3.20, with an extended measured move pointing toward $4.269. That level aligns with prior horizontal resistance between $4.20 and $4.30.
However, if the price fails to stay above $1.60, then the positive scenario may fall apart, and the possibility of a return to the $1.30 level may re-emerge. The success of the breakout is dependent on sustained buying interest and the continued influx of liquidity into major exchanges.
The Relative Strength Index (RSI 14) is currently at 56.41, which is above the 50 level, while its moving average is at 46.04. The breakout above the midpoint level indicates that the bullish momentum is increasing without being overbought, as indicated by the TradingView chart.
The MACD (12, 26, 9) indicates the initial stages of a momentum change. The MACD line is printing at -0.01883, and the signal line is at -0.03705. Although both are below zero, the positive histogram value of 0.01822 indicates a weakening bearish force and a potential bullish crossover.
A successful breakout above $1.90 could lead to the range of $2.60-$4.26, and this would result in a positive macro trend for ZRO.
The rising volume and improvement in the RSI/MACD indicators indicate that the momentum could be shifting from accumulation to expansion.
Also Read: LayerZero (ZRO) Eyes $2 Breakout After Major 25M Token Unlock
