Examining ZORA Crypto's Potential to Retrace $0.148 All-Time High Following Recent Decline
Zora Crypto Surges: A Closer Look at the Driving Factors
In a recent development, the 24-hour volume of ZORA crypto has seen a significant increase of 10%, reaching $350 million. This surge is driven by a combination of factors that have contributed to the heightened market activity and the crypto's price rise.
According to CoinGlass, Spot Netflow showed a slight drop from -$1.26 million to -$1.5 million, indicating a shift in the balance of power towards accumulation. This trend is further confirmed by the data from Nansen, which shows an Exchange Balance drop of 7.71% to 4.58 billion tokens, suggesting reduced supply on exchanges.
The Zora network has experienced record high on-chain activity, with about 47,000 new token issuances from over 21,000 distinct creators recently. This surge in token creation reflects strong platform adoption and vibrant community interaction. The addition of Zora to the Base App discovery flow in mid-July has significantly improved retail accessibility and attracted greater creator activity.
Major exchanges, including Binance, have listed ZORA futures and perpetual contracts, boosting liquidity and trading volume. For example, Binance’s ZORA/USDT futures listing has increased market depth, while trading volumes have surged—reaching $284 million in a single day during the recent rally.
Large investors (whales) have increased holdings by about 16% in early August, signaling confidence from major market participants. At the same time, speculative retail traders have driven price volatility and volume, often triggered by exchange trading challenges and momentum from recent all-time high surges above $0.13.
The price has experienced sharp upward moves, including a 50% surge in 24 hours in early August 2025 and hitting new all-time highs around $0.145. Market indicators such as an RSI over 70 signal overbought conditions, leading to short-term price swings attractive to traders. The Chaikin Money Flow (CMF) remains within the positive zone, hovering around 0.09, further confirming the buyer's presence.
If buying pressure and activity persist, ZORA could reclaim $0.14 and target a fresh all-time high. However, fading momentum could send prices towards support at $0.08. The total daily trade counts on the Zora network surged to 249.8K, a significant recovery from 97k trades recorded a week ago.
In summary, the driving trends behind ZORA’s rising price and activity are strong creator-driven ecosystem expansion, enhanced retail access through Base App integration, increased liquidity from exchange listings, whale accumulation, and speculative momentum trading. These factors combine to fuel both fundamental demand and heightened market speculation in mid-2025.
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