0x (ZRX) Price Prediction: ZRX Continues Downtrend, Ranging Close to $0.35

0x (ZRX) Price Prediction – June 1

ZRX is in a downtrend, ranging close to the $0.35 support line. As part of the statistical information about the base trading instrument, its all-time high stands at $2.53 since four years ago. The market’s all-time low point remains at $0.104. Price is trading around $0.43 at a 3.07% positive.

0x (ZRX) Price Statistics:
ZRX price now – $0.4327
ZRX market cap – $366.6 million
ZRX circulating supply – 847.5 million
ZRX total supply – 1 billion
Coinmarketcap ranking – #106

ZRX/USD Market
Key Levels:
Resistance levels: $0.55, $0.75, 40.95
Support levels: $0.35, $0.25, $0.15

ZRX/USD – Daily Chart

The daily chart showcases the ZRX/USD market operation holds downward, ranging close to the $0.35 support level. The 14-day SMA indicator is underneath the 50-day SMA as the bearish trend line is drawn southward against the bigger indicator to join the smaller indicator at the end. The stochastic Oscillators have moved northbound from the range of 40 into the overbought region. And they are still pointing toward the north side within it.

Will the ZRX/USD market buying force push away northward from its current ranging zones?

It is not clear now that the ZRX/USD market buying force will push away northward from its current ranging zones to end the trend outlook soon. There can be rallying settlings that can cause a dicey buying entry while a low-active move tends to surface. Based on that assumption, long-position placers needed to exercise some degrees of cautiousness in their position executions to play safer against any probable reversal against upward moves suddenly.

On the downside of the technical analysis, the ZRX/USD market operations may push back down sooner than from a higher resistance level not too far away from the 14-day SMA trend line to allow bears to spot an entry. The positioning of the Stochastic Oscillators in the overbought region suggests bulls have to re-consolidate their stances in the market around the smaller SMA trend line to push for more recoveries against the possibility of bears regaining the strength downward from an upper ranging point afterward.

ZRX/BTC Price Analysis

In comparison, 0x (ZRX) market price against the trending capacity of Bitcoin (BTC) is under a depression setting. The cryptocurrency pair price holds downward, ranging the underneath the trend lines of the SMAs. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators have crossed northbound from the ranges between 20 and 40. And they still point toward the north direction around the 60 range. A line of lighter lower highs has featured to give a promissory sensory buy signal. That showcases the base crypto is on the bill of striving to regain its stances against the counter-trading crypto.

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