ZRX Price Prediction: Is It Possible to Reach $0.273 Soon?

• As per the ZRX price prediction, the price of the coin is trading at $0.217 and the coin price increased by 4.06% in the last 24 hours.
• The market capitalization of the coin is $177.974 Million.
• For the ZRX price, the 52-week price bound range is $0.120667 – $2.50.

ZRX Price Prediction highlights that coin is trying to sustain itself at the current level of 0.210 to retest the hurdles above. This month the coin price trend was bearish as the price was down by 5.5%. The coin price underperformed this month. The coin price has seen an increment in its price by 41.89% in the last six months which highlights its good performance. Moreover, the coin price year-to-date return is positive with an increase of 41.89%.

ZRX Price Technical Analysis in 1-D TimeFrame

                                                                                                     

As of the day of publishing, the ZRX coin is trying to sustain itself at the current level on the 1D chart. The coin price is trading below the 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading above the 20 & 50-day EMA which is acting as a support and pushing the ZRX price trend upwards. There is a possibility that the worth of the coin will increase even further in the forthcoming week if the bulls push the price up.

The MACD indicator summarizes the upward momentum of the ZRX price. Also, the MACD indicator is in the positive zone above the zero line. The MACD line at 0.01 and signal line at -0.03 suggest that the MACD is in positive territory and is giving bearish signals.

The current value of RSI is at 55.80 points. The 14 SMA line is currently close to the median line at 49.41 points which indicates bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment currently.

The technical parameters of the ZRX price suggest the continuation of the uptrend over the daily time frame chart. The coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the coin.

Volume Analysis

The trading volume of ZRX is $11,044,546 in the last 24 hours, highlighting a -10.50% decrease from one day ago and signaling a recent fall in market activity. To spike the coin’s price the buyers must show interest and potential to rise.

Trendline Analysis

The price has respected its significant trendline forming a downward channel that recently gave a breakout from the trendline. The price is at the support zone, If the price breaks the resistance line, it will move upward toward the next resistance.

Extraction 

ZRX price prediction highlights that coin is trying to sustain itself at the coin’s current level of 0.210 to retest the hurdles above. The sentiments and perspectives of investors and traders regarding the coin price are bullish in the 1D timeframe. The ZRX coin reflects an optimistic view currently. The technical parameters for the ZRX price indicate bullish pressure. 

Technical Levels:

• The nearest support level is $0.157.
• The nearest resistance level is $0.273.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.