ZORA Token Gains Momentum as Upbit Listing Approaches
ZORA token is nearing a crucial resistance level of $0.120. It has surged nearly 26% following teh proclamation of its listing on Upbit, South Korea’s top crypto exchange. A successful breakout above this level could lead to a 50% price increase.
Upbit’s decision to list ZORA with trading pairs against KRW,BTC,and USDT on the Base network has substantially boosted its visibility. This listing typically attracts more investors and drives up demand.
Besides the exchange listing, Zora has launched the ‘Believe Fund,’ which allocates 20 million ZORA tokens to support creators. This initiative aims to deepen liquidity and encourage community participation.
The creator coin program on Coinbase’s Base app has also increased demand for ZORA tokens. However, an upcoming token unlock on October 30 could introduce selling pressure.
Technically, ZORA is close to breaking the $0.120 resistance. A golden cross on the 4-hour chart and a double bottom pattern suggest a strong upward move. If it breaks above $0.120, the price could reach $0.155.
However, if ZORA fails to hold the $0.097 support, it may face a trend reversal. The next support level is around $0.084.
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