LayerZero's native token, ZRO, has defied expectations by surging past the $2.20 resistance level despite a significant token unlock. On January 20, approximately 25.71 million ZRO tokens were unlocked, representing 6.36% of the circulating supply. Typically, such unlocks increase sell pressure, but strong demand absorbed the new supply, pushing ZRO to trade near $2.21, marking a 12% gain in 24 hours and a 74% increase over the month. The rally is fueled by speculative interest and anticipation of a LayerZero ecosystem event on February 10, 2026. This has led to increased leverage and a surge in futures open interest by over 30% in a day. The breakout above $2.20 has triggered short liquidations, adding to the buying pressure. If ZRO maintains its position above $2.20, it could target the $2.60–$2.70 range, with potential to reach $3.00–$3.40 if momentum continues. However, failure to hold this level could lead to a correction towards $1.80–$2.00.