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0x Price Analysis: ZRX Coin Breaks Above The $0.98 Critical Resistance

  • ZRX coin price action is in an uptrend of 11.1% during the intraday trading session.
  • The 24-hour trading volume is at $188 million.
  • ZRX/BTC pair is trading positive by 5.7% at 0.00002242 BTC.

The daily technical chart of the ZRX coin displays an upward trend. According to the pivot levels, the primary support level is $0.75. On the other side, if it rushes up, the resistance level to follow is $1.13. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upside with medium reliability.

The Zig-Zag framed a top of $2.39 on Apr 14. After that, investors can notice a massive correction of 80%, all the way low to $0.49. Now price levels are back around the range of $1.0 this week. 

The volume of (2.91M) is above the MA of 20-days (2.71M). As a result, volume is high in ZRX, resulting in its price breaking above the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The MACD indicator gives (BULLISH) crossover above the signal line on May 31, indicating a buy signal in the coin. Moreover, Investors can see faded green bars are visible in the Histogram index.

ZRX Coin Bulls Are Back in Action

0x today’s price is 1.07 US dollars, and the 24-hour trading volume is 188,620,293 US dollars. The price of ZRX has increased by 11.1% in the past 24 hours. The circulation of ZRX coins is 850 million, with a total of 1 billion. The MACD indicator shows a buy signal, and the traders have guided high volume. Technically, the price breaks the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $1.13

Support Level: $0.75

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.