Crypto Markets Show Signs of Life as LayerZero Rallies

Crypto markets opened August on shaky ground, but one altcoin bucked the trend.

LayerZero (ZRO) proved resilient this week with an 18.7% rally, making it the biggest weekly winner among top performers. The interoperability protocol has now recovered 100% of last week's losses and is holding its ground around $0.8.

However, technicals show ZRO still needs to clear key resistance zones before a breakout cycle can be confirmed. The RSI has jumped more than five points this week but remains in oversold territory, indicating momentum is still relatively weak.

Bulls need to step up the bid for ZRO to break above $1 and end its tight-range move. For now, it's too early to call this an accumulation phase.