0x (ZRX) Price Prediction: Bullish Momentum Continues
The 0x price prediction suggests that ZRX may continue its bullish movement as the coin aims to break above the channel. Currently, the 0x price is trading at $0.27, above the 9-day and 21-day moving averages. If the buying pressure increases, ZRX/USD could reach $0.30 in its next positive step. However, there is a possibility of a price retest at $0.26 before the continuation of the upward movement.
ZRX/USD Market Analysis
Resistance levels: $0.33, $0.35, $0.37
Support levels: $0.22, $0.20, $0.18
If the price breaks above the upper boundary of the channel, it could attract more buyers and push the price to resistance levels of $0.33, $0.35, and $0.37. On the other hand, a break below the moving averages could lead to a downward movement with support at $0.25. The 9-day moving average is currently above the 21-day moving average, indicating a potential bullish trend.
ZRX/BTC Analysis
In terms of Bitcoin, ZRX is trading above the 9-day and 21-day moving averages. A daily close above this level could encourage further rally towards 950 SAT and beyond. Conversely, a bearish cross below the lower boundary of the channel may reverse the price direction towards daily support at 700 SAT. Further bearish movement could take ZRX to support levels of 650 SAT and below.
Looking Beyond 0x
While 0x (ZRX) has shown a decent upward movement recently, there are other alternatives worth considering. Unlike established coins like 0x with a market capitalization of $233.2 million, newer tokens have the potential for rapid price increases due to innovation in the crypto space. Investing in Bitcoin Minetrix token, which has raised over $3.3 million during its ongoing presale, is an opportunity that should not be overlooked.
Hot Take: The Bullish Path for ZRX
ZRX continues to show signs of bullish momentum as it trades above key moving averages. With the potential to break above resistance levels and attract more buyers, ZRX/USD could reach $0.30 in the near future. Additionally, ZRX/BTC is also trading above moving averages, indicating a possible upward trend. As the crypto market evolves, it’s important to consider alternative tokens like Bitcoin Minetrix that have the potential for exponential price growth. Keep an eye on ZRX and other innovative tokens as they continue to shape the future of cryptocurrency.
By
By
By
By