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The price of the 0x token has moved by just roughly 2% today. While this has happened, the token has only again today, like in recent times, cautiously approached the resistance at the $0.2000 price level. Nevertheless, trading activities are still ongoing, and more can still happen in this market. Let’s see how it goes.
ZRX Statistics:
ZRX Value Now: $0.1852
0x Market Cap: $156,234,819
ZRX Circulating Supply: 847,496,055
0x Total Supply: 1,000,000,000
ZRX CoinMarketCap Ranking: 154
Major Price Levels:
Top: $0.1852, $0.1950, and $0.2000
Base: $0.1800, $0.1750, and $0.1700
ZRX Price Movements Are Attempting To Reach Higher Marks
Traders in the 0x daily market have only been recording minimal profits as presented by price movements. However, it appears that this token has been favorably positioned for additional profits since five trading sessions ago. However, it could be observed that headwinds have resisted attempts made by the token to significantly extend its upside correction as it did ten to seven sessions ago.
The last price candle in this market has advanced prices to the $0.1852 mark. Meanwhile, the Relative Strength Index (RSI) indicator lines have regained an upward bearing above the 70 level of the indicator, with the leading one now above the 80 mark of the indicator.
Bears in the 0x Market Are Still Trying To Prevent Minimal Gains
In the ZRX 4-hour market, it could be seen that price movement is still facing strong opposition from headwinds, even at such minimal profits printed in this market. A red price candle has appeared for the ongoing session in this time frame, cutting out roughly half of the profits recorded in the previous season.
Nevertheless, trading activities remain above the middle limit of the Bollinger Bands. Likewise, the RSI line is retaining its upside bearing as it keeps rising towards the 60 mark of the indicator. This seems to suggest that this market may advance in the upside towards the $0.2000 mark, despite the rejection being faced at the moment.
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