Can ZORA Crypto Hit $0.148 Again? The Drama, the Charts, and the Memecoin Circus 🎢

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ZORA crypto hit $0.148 before easing to $0.121, backed by record coin creation, rising retail activity, and negative Spot Netflow, suggesting strong accumulation trends.

So, ZORA crypto decided to throw a little party recently, rallying from $0.108 to a shiny new all-time high of $0.148. But then-plot twist-it retraced faster than my enthusiasm for a family reunion, landing at $0.121 at press time. Classic crypto behavior, right? It’s like watching a toddler on a sugar rush: up, down, and occasionally face-planting into the couch cushions. 🍬📉

Meanwhile, its market cap jumped from $344 million to $478 million, while 24-hour volume grew 10% to $350 million. Naturally, when both metrics rise together, it suggests higher capital inflows and increased network activity. Or, as I like to call it, “people throwing money at screens and hoping for the best.” 💸📈

ZORA crypto’s on-chain activity sets fresh records

Zora’s recovery began four days ago, followed by on-chain activity hitting new peaks in the past 24 hours. Since its addition to the Base App three weeks ago, creator participation has surged alongside easier retail access. Because nothing screams “mainstream adoption” like slapping a blockchain logo on your Etsy store. 🛒✨

In fact, Dune data showed that Daily Created Coins hit 62.4K, the highest recorded. Meanwhile, Unique Creators climbed to 27.8K, returning to July’s peak levels. Such growth signals rising demand for the network, often a precursor to higher token valuations. Or, you know, just another bubble waiting to pop. 🧼💥

Retail demand joins the rally

Besides the developer’s side, retail users have also returned to the market. Trading Volume rose to $15.3 billion levels, last witnessed mid-July when volume reached $41 billion. Ah yes, nothing says “financial literacy” like jumping into a volatile market with both feet and no parachute. 🦿💸

Likewise, Total Daily Trade counts surged to 249.8K, a significant recovery from 97k trades recorded a week ago. Such an uptick in trading activity signals organic demand for the network and its native token. Or maybe it just means everyone’s bored at work and needs something to do besides refresh Twitter. 📊📱

Interestingly, when we examine exchange activity, we determine that these trade counts are mostly accumulating ones. For starters, according to CoinGlass, Spot Netflow declined significantly, holding within negative territory for two consecutive days.

As of this writing, Spot Netflow was -$1.5 million, a slight drop from -$1.26 million the previous day. Negative Netflow means outflows exceeded inflows, a sign of accumulation. Basically, people are hoarding ZORA like it’s toilet paper during a pandemic. 🚽📦

Technical signals favor buyers

According to AMBCrypto’s analysis, Zora rallied as demand for the memecoin and on-chain activity surged significantly. For that reason, the memecoin’s Relative Strength Index (RSI) made a bullish crossover, hitting the overbought zone at 74 at press time. Meanwhile, its Chaikin Money Flow (CMF) remained within the positive zone, hovering around 0.09, further confirming the buyer’s presence.

When these indicators align, buyers typically maintain control in demand-driven markets. Translation: the nerds with charts are feeling optimistic, which is either great news or the calm before the crash. 📈🙈

If buying pressure and activity persist, ZORA could reclaim $0.14 and target a fresh all-time high. However, fading momentum could send prices toward support at $0.08. So basically, it’s either “to the moon” or “back to Earth with a thud.” Choose your own adventure, folks. 🌕🌍

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2025-08-12 18:27