LayerZero Soars 18.7% Amid Crypto Market Volatility

Crypto markets were volatile in the first week of August as Bitcoin struggled to reclaim $65k, putting pressure on the broader altcoin market.

Despite this, LayerZero (ZRO) emerged as the biggest weekly winner with an impressive 18.7% rally.

This move marked a significant recovery for ZRO, which had pulled back 17% in the previous week and was looking to reclaim losses.

The technicals are painting a bullish picture for ZRO, with its RSI jumping more than 5 points this week to 40 and leaving plenty of room for further upside.

However, caution is advised as ZRO's weekly RSI has failed to break above the 40 level multiple times in previous cycles.