0x Price Prediction for Today, January 9 – ZRX Technical Analysis

At the time of writing, the 0x price prediction is seen moving above the $0.16 level as the coin crosses above the moving averages.

0x Price Prediction Statistics Data:

• 0x price now – $0.32
• 0x market cap – $262.4 million
• 0x circulating supply – 847.4 million
• 0x total supply – 1 billion
• 0x Coinmarketcap ranking – #165

ZRX/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.15, $0.10, $0.05

ZRX/USD is seen ranging below the 9-day and 21-day moving averages as the coin faces the path of development since yesterday. However, the bullish movement can only be confirmed if the market price crosses above the 9-day and 21-day moving averages. Meanwhile, the 0x price is hovering at $0.32 with a slight gain in the last 24 hours.

0x Price Prediction: 0x (ZRX) May Gain More

According to the daily chart, traders can observe that the 0x price has not been able to display strong bullish momentum as the coin is seen ranging. Therefore, the 0x price needs to stay above $0.32 consistently for the next few days to regain the proper bullish momentum. However, the 9-day MA may likely cross above the 21-day MA, as pointing to the north could give more bullish signals.

However, the 0x price only needs to conquer a few crucial resistance levels to stay comfortably at the top. If the coin closely manages these levels well, it could reach the potential resistance levels at $0.50, $0.55, and $0.60 respectively. On the downside, if the bears wish to maintain their drive, ZRX/USD may likely drop below the lower boundary of the channel, any further bearish movement could drag the coin to the critical supports at $0.15, $0.10, and $0.05.

ZRX/BTC Goes Bearishly

Against Bitcoin, the 0x price is trading bearishly below the 9-day and 21-day moving averages as the price changes hands at 665 SAT while the 9-day moving average keeps hovering beneath the 21-day moving average to increase the selling pressure.

However, the daily chart reveals that sellers may continue to have the day as the support level could be 150 SAT and below. On the contrary, a higher sustainable move above the upper boundary of the channel may cancel the bearish pattern and could attract new buyers to hit the resistance at 1200 SAT and above.

0x Alternatives

The 0x price may cross above the 9-day and 21-day moving averages within the channel if the bulls step back into the market. However, the cryptocurrency has been attempting to follow a bullish movement, and should the buyers push it toward the upper boundary of the channel, the coin might create additional gains.

Nonetheless, while established coins like 0x (ZRX) boast a market cap of $262.4 million, Bitcoin Minetrix is in its early stages, offering a unique appeal. The vast size of ZRX might diminish its growth potential, whereas emerging tokens like Bitcoin Minetrix have the opportunity for rapid, exponential price growth fueled by innovation in the crypto industry. Don’t miss the chance to invest in the Bitcoin Minetrix token, especially with over $7.9 million already raised during its current presale phase.