0x Price Prediction for Today, November 5 – ZRX Technical Analysis

The 0x price prediction reveals that ZRX may continue to follow the bullish movement as the coin moves to cross above the channel.

0x Prediction Statistics Data:

• 0x price now – $0.27
• 0x market cap – $233.2 million
• 0x circulating supply – 847.4 million
• 0x total supply – 1 billion
• 0x Coinmarketcap ranking – #137

ZRX/USD Market

Key Levels:

Resistance levels: $0.33, $0.35, $0.37

Support levels: $0.22, $0.20, $0.18

According to the current prediction, ZRX/USD could hit $0.30 in the next positive step if the bulls continue to increase the buying pressure. At the moment, the 0x price is trading at $0.27 above the 9-day and 21-day moving averages. Meanwhile, there is a probability that the price could retest $0.26 before the continuation of the bullish movement.

0x Price Prediction: ZRX/USD Could Spike to the Upside

At the time of writing, the 0x price continues to follow an upward movement and a break above the upper boundary of the channel could encourage more buyers to increase their entries, this could then push the price to the resistance levels of $0.33, $0.35, and $0.37. In other words, if the price breaks below the moving averages and heads toward the lower boundary of the channel; it could gain traction with the next focus below the $0.25 support.

However, if the above-mentioned support is broken, the downside pressure may increase while the next support may be created at around $0.22, $0.20, and $0.18 respectively. Meanwhile, the 9-day MA is still hovering above the 21-day MA which could increase the bullish movement.

ZRX/BTC Heads to the Upside

Against Bitcoin, the 0x price is hovering above the 9-day and 21-day moving averages, a daily close above this barrier may encourage the bulls to extend the rally toward 950 SAT and above. On the other hand, a bearish cross below the lower boundary of the channel could reverse the 0x price direction toward the daily support at 700 SAT.

Therefore, any further bearish movement could take the coin to the support level of 650 SAT and below. Meanwhile, there is a possibility that ZRX/USD may continue the bullish trend while the 9-day moving average is likely to cross above the 21-day moving average, facing up to confirm the bullish movement.

Alternatives to 0x

The 0x price has been fetching a decent upward movement since yesterday, which takes the coin above the resistance level of $0.27 level. However, ZRX/USD is already facing the upside and it is likely to touch the nearest resistance level of $0.30 in the coming days if the buyers increase the pressure, and the long-term outlook may continue to be bullish.

Meanwhile, unlike established coins like 0x (ZRX) with a market capitalization of $233.2 million, Bitcoin Minetrix is still in its infancy, and this is precisely where the allure lies. New tokens often have the potential to experience rapid, exponential price increases due to the hunger for innovation in the crypto space. Investing in the Bitcoin Minetrix token is an opportunity that shouldn’t be overlooked with over $3.3 million raised during the ongoing presale.

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