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The 0x price prediction reveals that ZRX may continue to follow the bullish movement as the coin crosses above the channel.
ZRX price prediction: Where will 0x trade next?
The 0x (ZRX) cryptocurrency initially relinquished its late March gains; however, it surged last week to reach its highest level since December. This spike followed an announcement of a partnership with Coinbase (COIN) regarding non-fungible tokens (NFTs) and the acquisition of $70 million in financing.
0x Prediction Statistics Data:
- 0x price now – $1.00
- 0x market cap – $861.2 million
- 0x circulating supply – 847.4 million
- 0x total supply – 1 billion
- 0x Coinmarketcap ranking – #77
ZRX/USD Market
Key Levels:
Resistance levels: $1.31, $1.41, $1.51
Support levels: $0.62, $0.52, $0.42
According to the current prediction, ZRX/USD could hit $1.10 in the next positive step if the bulls continue to increase the buying pressure. At the moment, the 0x price is trading at $1.00 above the 9-day and 21-day moving averages. Meanwhile, there is a probability that the price could retest $0.90 before the continuation of the bullish movement.
0x Price Prediction: ZRX/USD Could Spike to the Upside
At the time of writing, the 0x price continues to follow an upward movement and a break above the upper boundary of the channel could encourage more buyers to increase their entries, this could then push the price to the resistance levels of $1.31, $1.41, and $1.51. In other words, if the price breaks below the 9-day moving average and heads toward the lower boundary of the channel; it could gain traction with the next focus below the $0.75 support.
However, if the support mentioned above is broken, the downside pressure may increase while the next supports may be created at around $0.62, $0.52, and $0.42 respectively. Meanwhile, the 9-day MA is still hovering above the 21-day MA which could increase the bullish movement.
ZRX/BTC Heads to the Upside
Against Bitcoin, the 0x price is hovering above the 9-day and 21-day moving averages, a daily close above the channel may encourage the bulls to extend the rally toward 1800 SAT and above. On the other hand, any bearish cross below the moving averages could reverse the 0x price direction toward the daily support at 1000 SAT.
Therefore, any further bearish movement could take the coin to the support level of 830 SAT and below. Meanwhile, there is a possibility that ZRX/USD may continue the bullish trend while the 9-day moving average remains above the 21-day moving average, facing up to confirm the bullish movement.
Moreover, @WorldOfCharts1, with over 29k followers on X (formerly Twitter), highlighted $ZRX. Breaking the multi-year descending trendline in the 3-day timeframe could signal a strong bullish wave in the weeks ahead. A successful breakout could potentially lead to a 300-350% surge.
Breaking Multi Year Descending Trendline In 3 Days Timeframe Incase Of Successful Breakout Expecting Solid Bullish Wave In Coming Weeks Incase Of Successful Breakout Expecting 300-350% Bullish Wave#Crypto #Zrx pic.twitter.com/3KIyN1jWWY
— World Of Charts (@WorldOfCharts1) March 6, 2024
Alternatives to 0x
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