$ZRO is in the limelight after LayerZero recently celebrated its 3-year anniversary. The token's technical analysis depicts a bullish scenario.

Currently trading around $2.30, ZRO has successfully risen above a crucial support level, indicating renewed buying strength. A decisive breakout above the $2.48 resistance would pave the way for a strong bullish trajectory.

ZRO, the native token of omnichain interoperability protocol LayerZero, is back in the limelight as the protocol recently celebrated its 3-year anniversary.

Earlier this week, the token’s technical analysis was done, which depicts a bullish scenario.

After hitting a low of $1.30, ZRO, the native token of omnichain interoperability protocol LayerZero, crucially bounced back from the support level.

Now, as the token trades around $2.30, it has managed to rise above the crucial support level, which denotes renewed buying strength. A decisive breakout above the $2.48 resistance would pave the way for a strong bullish trajectory.

With a short-term target of $7+, the token’s momentum lies in increased buying activity. Short-term and long-term targets are $9 by the end of 2025 and $45 by 2030. These forecasts are based on the rising “interoperability demand,” or the growing significance of different blockchains to communicate with each other.

LayerZero is an “omnichain protocol” that claims to offer seamless and secure cross-chain communication between diverse blockchains. Since its launch on March 15, 2022, the cross-chain protocol has extended support to 125 chains, enabled a staggering 140,000,000 messages, and powered hundreds of “OApps” (Omnichain Applications).

Recently, the DeFi platform facilitated the transfer of 500k USDC between different blockchains, demonstrating the possibilities of blockchain interoperability in making global transactions faster and more cost-effective.

Commenting on the transaction, blockchain enthusiast Bielzin said:

“In the traditional banking system, an international transfer of this amount could involve multiple intermediaries, high fees, and delays, especially on weekends. Here, the process was completed in just a few minutes, with no time restrictions and negligible costs compared to the transferred amount.”

Earlier, the integration of TON to the Tether USDt ecosystem was announced by LayerZero. The implications here are deemed massive. TON has one the biggest digital distribution networks in the world: Telegram, with 1 billion active users.

In general, the above analysis paints a bullish picture for $ZRO based on both technical indicators and the project’s strong fundamentals. Additionally, the integration of TON and Tether USDt is a very large fundamental catalyst for growth. The connection to telegram is another huge advantage.