ZRO Technical Analysis May 1
ZRO is approaching the critical support at $1.3982 from the $1.43 level; under downtrend pressure, RSI 33 gives an oversold signal, but breakdown risk is high. Current Price Position and Critical Levels ZRO‘s current price is at $1.43, positioned below EMA20 ($1.63) within the overall downtrend. With a 24-hour loss of 1.52%, the price is squeezed in the $1.42-$1.46 range and pulling back toward strong supports on the 1D timeframe. The Supertrend indicator is giving a bearish signal and highlighting the $1.80 resistance. In MTF analysis, 3 critical levels stand out: there’s a 1 support/2 resistance confluence on 1D, while 3D and 1W show less activity. This structure increases the likelihood of testing the $1.3982 support in the short term; if it holds, a reaction buy could come, but if broken, downside targets will activate. Volume is low at $8.89M, signaling that big players are waiting for liquidity hunting. Support Levels: Buyer ZonesPrimary Support $1.3982 (Strength Score: 78/100) – This level stands out as ZROs most critical buyer zone. Originating from the order block structure on 1D and 4H timeframes, this zone has been tested 3 times in the last 2 weeks and rejected each time with strong volume spikes. It shows full confluence