LayerZero (ZRO) experienced a roughly 3% decline on Tuesday after rising more than 14% the previous day. Notably, the partnership between the LayerZero protocol and MoonPay’s Open Wallet Standard (OWS) is expected to significantly boost commerce activities driven by artificial intelligence (AI) agents across multiple blockchains. Additionally, the open interest (OI) of ZRO futures contracts increased by 17% over the past 24 hours, reflecting a clear improvement in investor confidence.
The collaboration between LayerZero and MoonPay’s Open Wallet Standard (OWS) enables AI-powered payments on over 170 blockchains, supporting a variety of assets such as USDT0, WBTC, and PYUSD with nearly zero latency. This serves as a crucial foundation for promoting the adoption of decentralized tools in high-frequency payment transactions.
Meanwhile, retail investor demand for LayerZero has surged following the new integration. Data from CoinGlass shows that ZRO open interest increased by 17%, reaching $135.59 million in 24 hours, indicating a significant expansion in the notional value of outstanding contracts. During the same period, total liquidation value reached $88,450, with short positions accounting for $71,670, suggesting that bears are under considerable pressure as they are being forced out of the market.
Derivatives data for ZRO | Source: CoinGlass## Technical Outlook: Will ZRO price continue to recover and break out?
As of Tuesday, LayerZero declined 3%, a correction following a recovery of over 14% earlier. Nevertheless, ZRO remains above the 50-day exponential moving average (EMA) at $1.90 and has formed a “Golden Cross” with the 200-day EMA, indicating that the long-term bullish trend remains dominant.
Daily ZRO/USDT chart | Source: TradingView Technical signals are cautious: the MACD is approaching the signal line after recently crossing downward, reflecting weakening selling momentum. If the MACD reverses and crosses upward, bullish momentum could be restored. Meanwhile, the RSI at 56 has risen from the neutral zone, suggesting efforts to maintain an upward trend.
On the positive side, the nearest resistance zone is around $2.39 — the high set on January 23. A closing price above this level could allow bulls to regain control, opening room for an increase toward $2.59, a level previously tested on February 11.
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