#ZORA Detailed Analysis

1. Robinhood Listing (Positive Impact)
Overview: On October 9, ZORA rose by 70-75% after the surprising listing on Robinhood (CCN). This made the cryptocurrency accessible to millions of American retail investors. The listing occurred after a regulatory review, which bolstered confidence.

Meaning: The user base of Robinhood (~23 million active traders) significantly expanded the trading volume of ZORA. The trading volume increased by 730% to 581 million USD, surpassing the market capitalization of 470 million USD – a sign of great speculative interest. Historically, Robinhood listings often lead to short-term price spikes as retail investors develop FOMO( fear of missing out).

What to pay attention to: A sustained trading volume of over 300 million USD is important to ensure price stability after the initial hype.

2. Technical Breakout (Mixed Signals)
Overview: ZORA broke through a descending wedge pattern that had been in place since August and surged intraday by 75% to $0.091. The 20-day EMA (moving average) at $0.063 now acts as support, while the RSI-7 (Relative Strength Index) at 79.46 indicates a potential overbought situation.

Meaning: Technical traders target the price goal of the wedge pattern at 0.115 USD, which corresponds to an increase of 39% compared to the current price of 0.105 USD. However, the RSI divergence indicates a possible price correction if the momentum decreases. The resistance at 0.094 USD (Fibonacci level 0.618) corresponds to the high from July and represents an important hurdle.🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🤑🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨