ZAMA jumps 15%, but can buyers clear THIS hurdle?

Zama Protocol [ZAMA] gained more than 15% over the past 24 hours, taking its weekly gains above 11%. The rebound accompanied increased on-chain activity as traders looked ahead to an upcoming report discussion. However, exchange positioning showed that conviction varied. With ZAMA approaching descending channel resistance, buyers still had a hurdle to clear. What is supporting ZAMA’s recovery? ZAMA traders had a possible “buy the rumor” catalyst approaching. The Rollup scheduled its Q3 Shielded report episode for the 2nd of November. The discussion featured participants from Bitwise, Hypernative, Zerion, and Utila. Ahead of the release, daily Trading Volume exceeded $50 million, roughly one-third of ZAMA’s Market Cap. Still, the Long/Short Ratio readings showed no unified bullish camp.

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