Crypto Prices Hold Steady as LayerZero Surges Past $2
Crypto prices held steady over the weekend as Bitcoin and other tokens remained within a narrow range. The stability comes after a weak nonfarm payrolls report from the US on Friday, which boosted prices.
LayerZero (ZRO) has surged in recent months, jumping from $0.7097 in August to its current price of $2.02, representing an increase of over 185% since its lowest level in August. Its market capitalization now exceeds $813 million.
The token broke above the crucial resistance level of $1.3378 on October 25 and has continued to rise, invalidating a double-top pattern and confirming a bullish breakout. ZRO's price has also surpassed the 50-day Exponential Moving Average (EMA), indicating that bulls remain in control.
Midnight (NIGHT) token has seen significant gains since Charles Hoskinson predicted it would be bigger than Zcash. The token rose from $0.0150 in July to its current high of $0.0529, surpassing the resistance level of $0.041 on May 31st.
However, Midnight's price has become overbought with an RSI of 86, suggesting a possible retreat to the key support level of $0.041.