0x moved and saw a gain of around 14% in value today. And, from the looks of things on the list of daily crypto movers, it looks like the crypto world is gradually rising, after the recent apocalypse. This is said because the other cryptos on this list are not doing too badly either, as they have also seen some gains. However, we will study the ZRX, to see the business opportunities that lie in its market.
ZRX Price Now: 0.380
ZRX Market Cap: 316.3 million
Total ZRX Supply: 1 Billion
ZRX Rating: 107
Key levels:
Resistance: $0.310, $0.338, $0.380
Support: $0.108, $0.102, $0.090
ZRX/USD Value Prediction: 0x Bulls Looks Tired But Remains Aggressive
The ZRX/USD the daily chart shows that the bulls have engaged to push the price of this crypto higher. You can see from this chat that the bulls are going wild as the last five candlesticks are all bullish. Aldo the last candlestick is a long bull. Additionally, the latest candlestick has also increased the volatility of this market, with the terminal of the Bollinger Band looking stretched.
However, the only sign of 0x market weakness can be seen on the Stochastic Relative Strength Indicator (SRSI). Although this sign is tiny but worth noting. The faster curve on the SRSI indicator can be seen to bend down a bit. Therefore, this indicates that a minor correction has occurred since this line has reached the top of the overbought region.
ZRX/USD Value Prediction: 0x Will Rise Again
The ZRX/USD chart shows that the value of this crypto will continue to rise. Here, the candlesticks remain above the middle line of the Bollinger indicator, implying that the uptrend continues. However, another significant indicator of a continuation of the uptrend lies in the SRI indicator. The SRI indicator has just made an upward trending cross, indicating that the strength of the uptrend is once again increasing.
Finally, traders can anticipate the value of this 0x to reach $0.4000 and $0.4500. So buying the crypto now will always bring profit.
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