<p>自上周以来，山寨币市场遭遇了严重的崩溃。事实上，来自不同领域的主要山寨币在过去 24 小时内都出现在市场最大亏损者的名单上。</p>
<p>在这方面，LayerZero 领先，期间市值损失了 10%。其网络活动不仅影响了这一损失，还影响了山寨币的数值前景。</p>
<h2>ZRO 关注 50% 斐波那契回撤位</h2>
<p>根据山寨币的日线图，ZRO 曾假装突破了 0.786 斐波那契回撤位，但最终收盘低于该水平。该回撤是从 10 月 10 日的崩溃中推导出的，当时 ZRO 创下了$0.315 的闪电低点。这表明空头在这个市场上已经控制了超过三个月。</p>
<p>LayerZero 当天的下跌将周损扩大至 15%。这一数字使得该山寨币在日损失方面仅次于 Ripple (XRP) 和 ZCash (ZEC)。</p>
<p>向下的动能似乎也在增加——这表明卖方愿意进一步拉低价格。MACD 柱状图在信号线向下交叉时变得更加密集，证实了这一观察。</p>
<p>这一前景暗示可能会重新回到 50% 的回撤位，这与之前的阻力区重合。在这里，情况可能会发生变化，因为多头可能会进场并将其视为该区域的重新测试。因此，在这里可能需要谨慎。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/ZROUSDT_2026-02-05_14-46-02-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/ZROUSDT_2026-02-05_14-46-02-scaled.png"/></p>
<p>来源：ZRO/USDT 在 TradingView 上</p>
<p>保持在$1.718 以下将增加跌至$1.45 或更低的可能性。然而，这些目标也可以被视为潜在的反转点，因为它们同时容纳了主要的多头和空头。</p>
<p>然而，这里必须回答一个问题——ZRO 的下跌仅仅是因为其技术前景疲弱吗？</p>
<h2>零售交易者可能在大量抛售…</h2>
<p>不。</p>
<p>事实上，其链上活动也给出了类似的信号。根据 Etherscan 的数据，ZRO 的下跌也是由于零售交易者的强烈抛售。</p>
<p>价值在$10 到略高于$100 之间的订单涌入了像 Uniswap (UNI) 这样的去中心化交易平台。截至发稿时，只有少数交易是做多——与做空相比数量微不足道。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144506.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144506.png"/></p>
<p>来源：Etherscan</p>
<p>这些发现证明了零售交易者的卖压。尽管他们的交易量通常较小，但他们代表了整体市场的情绪。这可能解释了为什么 ZRO 的价格在图表上下跌。</p>
<h2>LayerZero 的交易活动也在下降！</h2>
<p>最后，交易活动也降至明显水平以下。交易数量在大约三周内下降了超过 70%——从 3,479 降至 981。</p>
<p>此外，交易金额在同一时期内从 27.735 百万 ZRO 降至 8.137 百万 ZRO。这些观察结果共同表明，活动正在下降，加速了价格的下跌。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144534.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144534.png"/></p>
<p>来源：Etherscan</p>
<p>在这里，值得注意的是，根据知名分析师 Benjamin Cowen 的说法，市场的短期前景是看跌的。那么，全年呢？分析师对比特币 (BTC) 也持相同看法。他声称，</p>
<blockquote>
<p>“BTC 下跌并拖累了其他市场。这个过程很有可能在今年晚些时候结束，所以请保持关注！”</p>
</blockquote>
<hr/>
<h2>最后思考</h2>
<ul>
<li><em>ZRO 的价格因熊市结构和网络活动下降而崩溃了 10%.</em></li>
<li><em>一些分析师预计熊市将持续到 2026 年。</em></li>
</ul>

<p>ZRO，一种 LayerZero 的山寨币，在更广泛的山寨币市场崩盘中下跌了 10%，使其周损失扩大至 15%。价格下跌归因于零售交易者的卖压增加以及交易活动显著下降，三周内下降超过 70%。分析师建议，ZRO 可能会重新测试 50% 的斐波那契回撤位，如果价格持续低于 1.718 美元，可能会进一步下跌。整体市场情绪依然看跌，预计将持续下行至 2026 年</p>

<p>The altcoin market has been crashing hard since last week. In fact, major altcoins from different sectors have graced the list of the market’s biggest losers over the last 24 hours.</p>
<div class="lb-trans"><p>自上周以来，山寨币市场遭遇了严重的崩溃。事实上，来自不同领域的主要山寨币在过去 24 小时内都出现在市场最大亏损者的名单上。</p>
</div><p>On this front, LayerZero has led the way, losing 10% of its valuation during this period. Activity across its network has not only influenced this loss, but also the altcoin’s numerical outlook.</p>
<div class="lb-trans"><p>在这方面，LayerZero 领先，期间市值损失了 10%。其网络活动不仅影响了这一损失，还影响了山寨币的数值前景。</p>
</div><h2>ZRO eyes 50% Fibonacci retracement level</h2>
<div class="lb-trans"><h2>ZRO 关注 50% 斐波那契回撤位</h2>
</div><p>According to the altcoin’s daily chart, ZRO had faked a breakout above the 0.786 Fibonacci Retracement level only to close below it. The retracement was deduced from 10 October’s crash that saw ZRO create a flash low of $0.315. This suggested that bears had controlled this market for more than three months.</p>
<div class="lb-trans"><p>根据山寨币的日线图，ZRO 曾假装突破了 0.786 斐波那契回撤位，但最终收盘低于该水平。该回撤是从 10 月 10 日的崩溃中推导出的，当时 ZRO 创下了$0.315 的闪电低点。这表明空头在这个市场上已经控制了超过三个月。</p>
</div><p>LayerZero’s drop for the day extended the weekly losses to 15%. This figure put the altcoin behind only Ripple (XRP) and ZCash (ZEC) in terms of daily losses at press time.</p>
<div class="lb-trans"><p>LayerZero 当天的下跌将周损扩大至 15%。这一数字使得该山寨币在日损失方面仅次于 Ripple (XRP) 和 ZCash (ZEC)。</p>
</div><p>Momentum in favour of more downside seemed to be increasing too – A sign that sellers were willing to pull the price further down. The MACD bars, becoming denser as the signal lines crossed over on the downward side, confirmed this observation.</p>
<div class="lb-trans"><p>向下的动能似乎也在增加——这表明卖方愿意进一步拉低价格。MACD 柱状图在信号线向下交叉时变得更加密集，证实了这一观察。</p>
</div><p>This outlook suggested a potential revisit to the 50% retracement level, which coincided with a previous resistance zone. Here, things could change as bulls could come in and view this as a retest for the area. So, caution may be warranted here.</p>
<div class="lb-trans"><p>这一前景暗示可能会重新回到 50% 的回撤位，这与之前的阻力区重合。在这里，情况可能会发生变化，因为多头可能会进场并将其视为该区域的重新测试。因此，在这里可能需要谨慎。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/ZROUSDT_2026-02-05_14-46-02-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/ZROUSDT_2026-02-05_14-46-02-scaled.png"/></p>
<p>Source: ZRO/USDT on TradingView</p>
<div class="lb-trans"><p>来源：ZRO/USDT 在 TradingView 上</p>
</div><p>Staying below $1.718 would heighten the chances of a drop to $1.45 or lower. However, these targets could also be viewed as potential reversal points, as they house both major bulls and bears.</p>
<div class="lb-trans"><p>保持在$1.718 以下将增加跌至$1.45 或更低的可能性。然而，这些目标也可以被视为潜在的反转点，因为它们同时容纳了主要的多头和空头。</p>
</div><p>However, one question must be answered here – Is ZRO declining only because of its weak technical outlook?</p>
<div class="lb-trans"><p>然而，这里必须回答一个问题——ZRO 的下跌仅仅是因为其技术前景疲弱吗？</p>
</div><h2>Retail traders may be selling hard…</h2>
<div class="lb-trans"><h2>零售交易者可能在大量抛售…</h2>
</div><p>No.</p>
<div class="lb-trans"><p>不。</p>
</div><p>In fact, its on-chain activity has been giving similar vibes. As per data from Etherscan, ZRO has been dropping because of intense selling from retail traders too.</p>
<div class="lb-trans"><p>事实上，其链上活动也给出了类似的信号。根据 Etherscan 的数据，ZRO 的下跌也是由于零售交易者的强烈抛售。</p>
</div><p>A sea of orders worth between $10 and slightly above $100 has been flooding DEX platforms like Uniswap (UNI). At press time, only a few trades were long – Insignificant in number compared to shorts.</p>
<div class="lb-trans"><p>价值在$10 到略高于$100 之间的订单涌入了像 Uniswap (UNI) 这样的去中心化交易平台。截至发稿时，只有少数交易是做多——与做空相比数量微不足道。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144506.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144506.png"/></p>
<p>Source: Etherscan</p>
<div class="lb-trans"><p>来源：Etherscan</p>
</div><p>These findings are evidence of sell pressure from retail traders. Even though their volume has been usually small, they represent the sentiment of the general market. This might explain why the price of ZRO fell on the charts.</p>
<div class="lb-trans"><p>这些发现证明了零售交易者的卖压。尽管他们的交易量通常较小，但他们代表了整体市场的情绪。这可能解释了为什么 ZRO 的价格在图表上下跌。</p>
</div><h2>Transaction activity on LayerZero sliding too!</h2>
<div class="lb-trans"><h2>LayerZero 的交易活动也在下降！</h2>
</div><p>Finally, the transaction activity dipped below noticeable levels too. The number of transaction counts dropped by more than 70% in about three weeks – Down from 3,479 to 981.</p>
<div class="lb-trans"><p>最后，交易活动也降至明显水平以下。交易数量在大约三周内下降了超过 70%——从 3,479 降至 981。</p>
</div><p>Additionally, the number of transaction amounts fell from 27.735 million ZRO to 8.137 million ZRO over the same period. Together, these observations suggested that activity has been sliding, accelerating the price drop.</p>
<div class="lb-trans"><p>此外，交易金额在同一时期内从 27.735 百万 ZRO 降至 8.137 百万 ZRO。这些观察结果共同表明，活动正在下降，加速了价格的下跌。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144534.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-05-144534.png"/></p>
<p>Source: Etherscan</p>
<div class="lb-trans"><p>来源：Etherscan</p>
</div><p>Here, it’s worth noting that according to popular analyst Benjamin Cowen, the near-term outlook for the market is bearish. What about the rest of the year though? Well, the analyst expects the same for Bitcoin (BTC). He claimed,</p>
<div class="lb-trans"><p>在这里，值得注意的是，根据知名分析师 Benjamin Cowen 的说法，市场的短期前景是看跌的。那么，全年呢？分析师对比特币 (BTC) 也持相同看法。他声称，</p>
</div><blockquote>
<p>“BTC goes down and drags the rest of the market with it. Good chance this process ends later this year, so stay tuned!”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“BTC 下跌并拖累了其他市场。这个过程很有可能在今年晚些时候结束，所以请保持关注！”</p>
</blockquote>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最后思考</h2>
</div><ul>
<li><em>ZROs price crashed by 10% on the back of a bear market structure and a fall in network activity.</em></li>
<li><em>Some analysts expect the bear market to last through 2026.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>ZRO 的价格因熊市结构和网络活动下降而崩溃了 10%.</em></li>
<li><em>一些分析师预计熊市将持续到 2026 年。</em></li>
</ul>
</div>

ZRO down 10% after retail sells hard, but are more losses next?

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ZRO 在零售商大幅抛售后下跌 10%，但接下来是否会有更多损失？