0x Protocol (ZRX) May See More Upside Moves

Azeez Mustapha


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Price activity in the 0x Protocol daily market is rising steadily. The market appears to have gained moderate and steady traction off the support at the 0.5560 mark and has moved upward since then. Meanwhile, the observed price increase today seems to be pointing out a possible extension of that move.

ZRX Statistics:
Current 0x Protocol Value: $0.6061
ZRX Market Cap: $515,363,222
0x Protocol Circulating Supply: 847,496,055
ZRX Total Supply: 1 billion
0x Protocol CoinMarketCap Rank: 133

Key Price Levels:
Resistance: $0.7000, $0.9000, and $1.100
Support: $0.6000, $0.4000, and $0.2000

0x Protocol (ZRX) May See More Upside MovesBuyers in the ZRX Market Look Set to Record More Profits

As noted above, the 0x Protocol daily market has further moved up by 3.94% today. In addition, price movement in this market seems aligned for more upside moves, considering indications arising from trading indicators. While the previous session brought the market above the Guppy Multiple Moving Average (GMMA) lines, today’s session has appeared clearly above this technical indicator.

By implication, this signals that the uptrend is still on. At the same time, the Moving Average Convergence Divergence (MACD) indicator lines can be seen rising towards the equilibrium lines from below. The bars of the MACD stay solid green, showing that the momentum in the market remains formidable and may induce further upside movement.

0x Protocol (ZRX) May See More Upside Moves0x Protocol Bulls Confidently March On

Price movement in the  ZRX market is moving onwards and upwards even in the 4-hour market. This shows significant consistency, pointing to the health of the trend. Considering the appearance of the price candle corresponding to the ongoing session, it appears that the momentum has even strengthened. The last price candle on this chart can be seen above the GMMA lines, while the previous one seems considerably smaller.

The MACD indicator lines can be seen above the equilibrium level and have an upward trajectory. The bars of this indicator are also affirming that the upside correction may stay on a bit longer. This suggests that traders can still utilize crypto signals targeting price levels around $0.6500 or $0.7000.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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