TL;DR
- ZRO is down 7.5% and is currently trading at $2.01.
- This decline comes despite Stargate DAO approving the proposal for LayerZero’s acquisition.
Stargate DAO Approves LayerZero Acquisition Proposal
The cryptocurrency market was volatile over the weekend, erasing the large gains seen on Friday by Sunday. Bitcoin briefly dipped near the $110,000 area, and Ether remains above $4,700 after reaching an all-time high of $4,953.
The broader market weakness has weighed on LayerZero’s token, ZRO, which has lost more than 7.5% of its value in the past 24 hours. At the time of writing, ZRO is trading at $2.01.
This disappointing price action comes even as LayerZero announced a major development for its ecosystem. On Saturday, the LayerZero Foundation revealed that Stargate’s governance had approved the acquisition proposal, with nearly 95% of votes in favor.
Stargate DAO has approved our acquisition of Stargate (STG).
We spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.
LayerZero is a better-money technology.
Stargate is the interface for moving value.
– LayerZero (@LayerZero_Core) 24 August 2025
The approval followed a last-minute $120 million cash bid from Wormhole. Additionally, Across co-founder Hart Lampur and the Axelar Foundation stated they would make formal offers if the process were delayed, indicating competitive interest in the deal.
ZRO Could Reach $2.60 If Bullish Momentum Returns
The 4-hour chart for the ZRO/USD pair currently shows bearish momentum, mirroring LayerZero’s underperformance and the wider cryptocurrency market decline. Technical indicators also point to selling pressure and suggest sellers are in control at present.
A 54 reading on the Relative Strength Index (RSI) indicates ZRO is approaching neutral-to-negative territory if selling continues. The MACD lines are also close to flipping bearish, which would reinforce downward momentum.
If selling pressure persists, ZRO could revisit Friday’s low around $1.85 within hours. Failure to hold that support would open the door to testing the monthly low near $1.625.
On the other hand, the positive news from the LayerZero ecosystem could spark a rebound. In that case, ZRO would first aim to reclaim the primary resistance level at $2.38. A sustained bullish run could push ZRO past its monthly high and toward $2.60.
Traders should monitor on-chain updates, governance developments around the acquisition, and broader crypto market sentiment. These factors will likely determine whether ZRO continues to decline or stages a recovery toward the resistance levels outlined above.