ZORA Weakens as Sellers Take the LeadZORA is showing signs of bearish momentum, as the Balance of Power (BoP) indicator has flipped negative.
This shift indicates a clear drop in buying pressure, signaling that bulls are beginning to lose their grip on the market. At press time, the momentum indicator stands at -0.74, reinforcing the bearish sentiment.
With sellers gradually taking control, the path of least resistance appears to be to the downside. Traders should exercise caution and watch for further confirmation of a sustained downtrend.
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