0x has moved and has experienced a gain of roughly 14% in value today. And, from the look of things on the crypto daily mover list, it’s like the crypto world is gradually coming up, after the recent apocalypse. This is said because other cryptos too on this list aren’t doing too bad as well, as they’ve recorded some gains too. However, we shall study the ZRX, to see the trading opportunities that lie in its market.
ZRX price now: 0.380
ZRX Market Cap: 316.3 million
ZRX Total Supply: 1 billion
ZRX Rank: 107
Resistance: $0.310, $0.338, $0.380
Support: $0.108, $0.102, $0.090
ZRX/USD Value Prediction: 0x Bulls Seems Tired but Stays Aggressive
The ZRX/USD daily chart shows that the bulls are committed to thrust the price of this crypto higher. It can be seen on this chat that the bulls are on a rampage as the last five candlesticks are all bullish. Aldo the last candlestick is a long bullish one. Furthermore, the last candlestick has also increased the volatility in this market as the terminal of the Bollinger band looks stretched apart.
However, the only sign of weakness in the 0x market can be seen on the Stochastic Relative Strength indicator (SRSI). Although, this sign is minute but worth noting. The faster curve on the SRSI indicator can be seen bending a little downwards. Consequently, this indicates a minor correction has occurred since this line has reached the apex of the overbought region.
ZRX/USD Value Prediction: 0x will Move Up Still
ZRX/USD chart shows that the value of this crypto will still move upwards. Here the candlesticks stay above the middle line of the Bollinger indicator, which implies that the uptrend continues. However, another significant indicator of a continued uptrend lies in the SRI indicator. The SRI indicator has just made an upside-facing cross, which tells that the strength of the uptrend is increasing once more.
Finally, traders can anticipate the value of this 0x to reach $0.4000 and $0.4500. So, buying the crypto now will still bring in some profit.
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