LayerZero's native token just took a nasty hit—down over 6% and things are looking shaky. The cross-chain protocol token slipped below its key moving average support, and frankly, the charts aren't painting a pretty picture right now.

Here's what's happening: ZRO lost its footing at the $1.43 level, which was holding things together for a while. Now traders are eyeing $1.33 as the next potential floor—if that doesn't hold, we could see further downside.

But the price action isn't happening in a vacuum. There's a monthly token unlock schedule that keeps dumping fresh supply into the market. That constant vesting pressure? It's creating a persistent headwind that bulls just can't seem to overcome. Every month, more tokens hit circulation, and every month, the selling pressure stays relentless.

Cross-chain sentiment isn't helping either—the broader interoperability narrative has cooled off, leaving ZRO without much momentum. Right now, it's a waiting game to see if support holds or if we're headed lower.