- 0x coin price is currently observing an uptrend with a weak strength. It may go beyond $1.5 in upcoming months.
- ZRX token technical indicators suggest a bullish momentum in price for the future. Meanwhile, ZRX/BTC pair is up by more than 8% in the intraday session .
Why To Invest In ZRX Coin?
ZRX coin price is currently trading near the level of $0.8 with an intraday gain of 10%. It has given a breakout above the consolidation phase for the bull trend. The ROI of the ZRX token is more than 400% which is much higher than their competitors in the market. 0x is one of the most secure platforms which allows its users to easily trade ERC20 coins and other financial assets on the Ethereum platform without relying on the exchanges or others. The functionality of the decentralized exchange in the 0X platform is achieved by the help of smart contracts which work together to produce an easy way for the traders. It gives benefit to both fungible and non – fungible tokens unlike many exchanges in the market . Will and Amir launched this token in 2016. ZRX coin price is currently seeing a breakout and it may last for a while.
ZRX coin has a market capitalization of more than $880,307,226 and is ranked 93rd in the crypto verse. The volume of the 0x also jumped by more than 83% in the intraday session. The volume to market capitalization ratio of the ZRX hints the start of an uptrend in coin.
Technical Indicators Hints At The Uptrend For ZRX Coin Price
The weekly technical chart of the asset price highlights a consolidated momentum for upcoming weeks. On coming to the daily chart the price has given a long awaited breakout. Resistance for 0x coin while going upside can be observed near the value of $1. The support region for the asset price on the downside can be seen near $0.36. The price is currently trading below the 50 and 100 Daily Moving Average. The 50MA (Red) line is near $0.8, making it temporary resistance for the price. The price can see a breakout above 50MA. If the coin price goes above $1 then it can jump up to $5. ZRX/BTC pair can also see a rise in the upcoming days.
Conclusion
ZRX coin price has observed a gain of more than 10% in the intraday session. This gain may continue for upcoming weeks. ZRX/BTC pair can also see a rise in the future.
Technical Levels
Major Support:$0.36
Major Resistance:$1