ZRX/USD Breaches its Crucial Resistance at $0.270; Watch Out for the Next Move!

The 0x price prediction adds a tremendous 13.08% gain and at the time of writing, it is trading around the $0.261 resistance level.

0x Prediction Statistics Data:

0x price now – $0.261
0x market cap – $222.5 million
0x circulating supply – 847.4 million
0x total supply – 1 billion
0x Coinmarketcap ranking – #149

ZRX/USD Market

Key Levels:

Resistance levels: $0.330, $0.350, $0.370

Support levels: $0.180, $0.160, $0.140

ZRX/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $0.250 level. The 0x price is already facing the upside as the coin hits the daily high at the $0.270 level. However, 0x (ZRX) is one of the most emerging coins in the market at the moment, and it is likely to touch $0.300 in the coming days as its next resistance. The long-term outlook may continue to be bullish.

0x Price Prediction: Would ZRX/USD Go Up or Down?

The 0x price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price moves near the upper boundary of the channel and closes above it, ZRX/USD may continue its uptrend and could reach the resistance levels of $0.330, $0.350, and $0.370.

In other words, if the technical indicator Relative Strength Index (14) failed to break above the 60-level, there is the tendency of the bears to return to the market and this may likely cause the market price to hit the nearest support levels at $0.180, $0.160, and $0.140 respectively. Technically, bulls are pushing the coin to the upside, which could give additional bullish signals to the market.

Against Bitcoin, 0x has been facing upward movement as the coin rises above the 9-day and 21-day moving averages. The recent spike could allow the cryptocurrency to reach the nearest resistance level at 1000 SAT, which is a promising sign for buyers.

From below, if the bears bring the coin below the lower boundary of the channel, the nearest support could be located at 750 SAT and below. Beneath this, further support is at 700 SAT and below. However, the Relative Strength Index (14) is breaking above the 50-level, which is a promising sign for bulls as the momentum is on their side.

Alternatives to 0x

The 0x price is recovering towards the resistance level of $0.30. Meanwhile, the initial break above the 9-day and 21-day moving averages boosted the price up and the 0x (ZRX) could create additional highs if the coin moves near the upper boundary of the channel. Meanwhile, a top utility token, LHINU, will look to increase in price as the online survey software market is expected to grow by 77% in the next four years. Currently, LHINU tokens are in presale and almost $2.5m has been raised.

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