ZRX/USD Price Settles above $0.2 Level

After a failed attempt to recover the bullish price on November 10, the 0x market went into a period of price consolidation. However, the buyers were back at the $0.2 price level on November 23 which was a major resistance level for the bulls market. And as the volume of trade increases in today’s market, the resistance level was conquered.

0x Market Price Statistic:

• ZRX/USD price now: $0.208
• ZRX/USD market cap: $168,614,500
• ZRX/USD circulating supply:847,496,054.80
• ZRX/USD total supply: 1,000,000,000
• ZRX/USD coin market ranking: #133

Key Levels

• Resistance: $0.25, $0.30, $0.35
• Support: $0.15, $0.10, $0.05

0x Market Price Analysis: The Indicators’ Point of View

The upper band and the lower band of the Bollinger indicator, in response to the bullish move, now converge as the price now assumes a position in the midpoint of the indicator. According to the MACD, although we now a have bullish crossover below the zero level of the indicator, the outlook of the MACD line suggests that the momentum is not too strong. 

ZRX/USD 4-Hour Chart Outlook

The trading sessions so far in today’s market have been bullish. But in the third session, the spike in the trading volume results in a volatile market. The bull market reached a $0.22 price level but almost lost the bullish price to the bears due to the increasing volatility. Yet, the Bollinger holds a bullish price sentiment as the upper band and the moving average now move in an upward direction.

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