ZRO Bearish Analysis Feb 24

ZRO has retreated to the 1.50 dollar level with a sharp 6.25% drop on the daily chart, and if the critical support around 1.47 dollars is tested, deeper losses may come into play; bearish momentum indicators are not giving recovery signals.

Market Outlook and Current Situation

ZRO is trading at the 1.50 dollar level with a 6.25% loss in the last 24 hours and is stuck in the 1.47-1.62 dollar range on the daily chart. Volume has declined to 60.90 million dollars, supporting the drop and indicating that altcoins are under pressure in the general market downtrend. This level continues to remain below the short-term EMA20 (1.68 dollars), and the Supertrend indicator is giving a bearish signal, marking 2.15 dollars as resistance. ZRO’s current position is under clear selling pressure rather than a consolidation phase reflecting the volatility of recent weeks; investors are affected by the general altcoin weakness triggered by BTC’s 4.65% drop.

Multi-timeframe (MTF) analysis identifies a total of 15 strong levels across 1D, 3D, and 1W charts: 3 supports/3 resistances on 1D, 2 supports/1 resistance on 3D, and 3 supports/3 resistances confluence on 1W. These confluences emphasize that ZRO’s trend strength is weakening and the risk of a downward breakout is increasing. The decrease in volume shows that buyers are not stepping in, while similar pressure is observed in ZRO spot analyses. The market is focused on technical levels in an environment with calm news flow.

The daily trend is confirmed as downtrend; the price failed to hold above EMA20, reinforcing the short-term bearish outlook. As ZRO’s 24-hour range narrows, the volatility drop may signal calm before a potential explosion, but current data highlights the downward scenario.

Technical Analysis: Levels to Watch

Support Zones

The strongest support is at the 1.4732 dollar level (score: 85/100), this region—being the low point of the last 24 hours—is strengthened by MTF confluences. If broken, the next target will be 1.3292 dollars (score: 73/100); this level overlaps with pivots on the 3D chart and provides additional support on 1W. In a deeper correction, 1.1670 dollars (score: 68/100) will play a critical role, as it is positioned near weekly lows. These supports should be monitored as holding points in ZRO’s current downtrend; holding without volume increase looks difficult.

Resistance Barriers

The first resistance is at 1.7092 dollars (score: 69/100), important for testing short-term recovery due to its proximity to EMA20. Above it, 1.5436 dollars (score: 66/100) and 1.8578 dollars (score: 63/100) should be followed; the Supertrend’s 2.15 dollar resistance is a distant target within the general bearish framework. These barriers indicate a low probability of the price breaking upward without gaining momentum. The density of resistances in MTF confirms the sellers’ superiority.

Momentum Indicators and Trend Strength

RSI is hovering in the neutral-bearish zone at 41.63; although well above the oversold threshold (30), it maintains downtrend momentum with no divergence. The MACD histogram is negative with a confirmed bearish crossover, and staying below the signal line sustains selling pressure. The EMA hierarchy is disrupted: price is below EMA20 (1.68 dollars), while EMA50 and EMA200 form resistance higher up. Supertrend is in bearish mode and highlights the 2.15 dollar resistance as a trail stop.

Trend strength analysis, with the ADX indicator reading around 25, signals weak momentum; this requires caution against sudden reversals. While bearish bias dominates the 1D chart, slight confluences on 3D offer recovery potential, but the overall picture is downtrend. Looking at the volume profile, spikes on declines are stronger than buyers, increasing the likelihood of trend continuation. Similar indicator readings are observed in ZRO futures, with high risk for leveraged positions.

Risk Assessment and Trading Outlook

When calculating the risk/reward ratio from current levels, bearish targets (1.33-1.17 dollars) offer an attractive R/R above 1:2, while the bullish target of 2.98 dollars (score: 22/100) carries low probability. A continuation of the downtrend could trigger a break below 1.47 dollars, but if support holds, range trading in the 1.54-1.71 dollar range is possible. With low volatility, sudden BTC movements increase risk; stop-losses should be positioned below support.

Overall outlook is bearish: momentum indicators and MTF confluences support downward pressure. A positive scenario requires bullish divergence on RSI and volume increase; otherwise, a deep correction is expected. Investors should closely monitor developments in the ZRO spot market, as technicals will be decisive without news flow. Risk management should be prioritized, with altcoin weakness continuing across the market.

Bitcoin Correlation

Altcoins like ZRO show high correlation with BTC; BTC’s current 63.279 dollar level and 4.65% drop have triggered ZRO’s downtrend. BTC Supertrend bearish signal increases selling pressure on alts; BTC supports at 62.910, 59.952, and 49.685 dollars should be watched—breakdowns here could drag ZRO toward 1.33 dollars. Conversely, if BTC breaks resistances at 64.409, 66.414, and 68.116 dollars, short-term relief may come for ZRO, but BTC dominance remains superior against altcoins.

BTC’s downtrend limits ZRO’s recovery; closes below 62.910 dollars could create a cascade effect on ZRO. Altcoins follow BTC movements at an 80% rate, so BTC key levels should be top priority on ZRO traders’ watchlists.