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The 0x Protocol market has witnessed a substantial price surge today, breaking through multiple resistance levels in a single trading session. This significant upward movement has positioned the market for potential further gains.
ZRX Statistics:
0x Protocol Price: $0.8253
ZRX Market Capitalization: $703.66M
ZRX Circulating Supply: 848.40M
0x Protocol Total Supply: 1B
ZRX CoinMarketCap Rank: 144
Key Price Levels:
Resistance: $0.9000, $1.200, $1.500
Support: $0.8000, $0.5000, $0.2000
ZRX Market Sustains Above $0.8000 as a Support Level
The daily price chart of the 0x Protocol market reveals a clear upward trend since early November. The market has been steadily advancing, encountering few obstacles along the way. The recent price candle has delivered significant profits to buyers, propelling the market to a nine-month high and increasing the likelihood of further gains in the upcoming sessions.
Currently, price action is trading above all Moving Average (MA) lines. Additionally, an upside crossover on the Stochastic Relative Strength Index (RSI) indicator suggests that the market may continue its upward momentum.
0x Protocol Appears to Secure Support Above $0.8000 Mark
Despite the bearish session, the ZRX token’s price remains comfortably above $0.8000. The recent price candle has formed a bullish reversal pattern off the $0.8000 support level, indicating that upward pressure is still prevalent.
Furthermore, trading activity persists above all MA lines, and the Stochastic RSI maintains its sharp upward trajectory. The increasing divergence between the leading and lagging lines of the indicator suggests heightened volatility and a potential move toward the $0.9500 price level.
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