The crypto market held steady over the weekend, with Bitcoin and other major tokens trading in a narrow range after Friday’s weaker-than-expected US nonfarm payrolls report. Against this backdrop, technical setups for LayerZero (ZRO), Midnight (NIGHT), and Pi Network (PI) are drawing attention.
LayerZero (ZRO) has rallied from an August low of $0.7097 to around $2.02, gaining more than 185%. Its market capitalization has climbed above $813 million, while 24-hour volume rose over 35% to more than $258 million. ZRO has broken above the key resistance at $1.3378, the August 25 high, invalidating a potential double-top pattern. It also trades above the 50-day exponential moving average after forming a golden cross on October 2. The Supertrend indicator is bullish, the Relative Strength Index is rising, and the Average Directional Index has jumped to 50.9, signaling strengthening momentum. Analysts expect a possible pullback toward $1.3378 before the uptrend resumes.
Midnight (NIGHT), the privacy-focused token from Charles Hoskinson, has climbed from a July low of $0.0150 to a high of $0.0529, its highest since March 28. The move accelerated after Weiss Ratings called Midnight a top token to watch, and Hoskinson said it could become bigger than Zcash. NIGHT has broken above resistance at $0.041, the May 31 high, confirming a bullish breakout. It is trading near the upper Bollinger Band and its ADX has risen to 52, but the RSI at 86 suggests overbought conditions. A retreat to the $0.041 support level is possible.
Pi Network (PI) has remained rangebound and has underperformed peers such as Near Protocol and LayerZero. It has reacted mildly to network upgrades, including the upcoming Protocol 28. PI is hovering around the 50-day EMA, with the RSI below the neutral 50 level and the ADX slipping. It is likely to stay within its narrow channel, with support at $0.0692, the July 14 low.
