Zora’s Price Set to Skyrocket 2X as Solana Integration Looms – Whales Are Loading Up

Bullish momentum surges as Zora (ZORA) prepares for its Solana integration—smart money's already piling in.

Whales aren't waiting for the official announcement. On-chain data shows aggressive accumulation, with price action hinting at a potential double from current levels.

Solana's scalability meets Zora's NFT infrastructure—a pairing that could shake up the digital collectibles space (and make some VC pockets even heavier).

Just don't ask retail traders how they feel about chasing another 'narrative play' after the last three vaporware collaborations.

Zora price to rally as key catalysts align

One potential catalyst for the Zora token is that whales have continued to accumulate it. Whales now hold more than 17.12 million tokens, up from last month’s low of 4.7 million.

This accumulation has coincided with declining exchange reserves, which have dropped to 4.91 billion, down from the year-to-date high of 5.3 billion. This decline suggests that Zora holders are not selling, a bullish signal.

Another bullish catalyst is that the Zora network will become interoperable with Solana (SOL) soon. This feature will enable users to send USDC, ETH, or ZORA tokens across the Base and Solana networks. 

This is notable because Solana is one of the largest chains in the crypto industry, with millions of daily users.

spotted in @zora app pic.twitter.com/vJU8pnojQw

The other major catalyst for the Zora crypto price is that Base Blockchain has hinted of a Base token. Jesse Pollack, who heads the Base project, revealed this at the BaseCamp event in the US.

A Base token launch WOULD be bullish for Zora, as Zora holders may be eligible to receive an airdrop. The launch may also help popularize tokens in its ecosystem.

Zora crypto price technical analysis 

The daily time frame chart shows that the Zora price recently pulled back and bottomed at $0.0591 last week. It has formed a bullish falling-wedge pattern, which is characterized by two descending, converging trendlines.

Zora’s price has remained above the 50-day moving average. The Relative Strength Index has moved above the neutral point at 50. Therefore, the token will likely continue higher as bulls target the year-to-date high of $0.1462, which is about 100% above the current level.