0x price prediction for today, March 13 – ZRX technical analysis

adminMarch 14, 2024

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The 0x price prediction shows that ZRX may continue to follow a bullish move as the coin crosses above the channel.

ZRX Price Prediction: Where will 0x trade next?

The 0x (ZRX) cryptocurrency initially gave up its upward trend in late March. But it surged last week to its highest level since December. The surge follows the announcement of a partnership with Coinbase (COIN) and $70 million in funding related to non-fungible tokens (NFTs).

0x predicted statistical data:

Current 0x price – $1.00
0x market capitalization – $861.2 million
0x Circulating Supply – 847.4 million
0x Total Supply – 1 billion
0x CoinMarketCap Ranking – #77

ZRX/USD Market

Main level:

Resistance levels: $1.31, $1.41, $1.51

Support levels: $0.62, $0.52, $0.42

0x price prediction for today, March 13 – ZRX technical analysis — ZRXUSD – daily chart

Current forecasts suggest that if the bulls continue to increase buying pressure, ZRX/USD could reach $1.10 in the next positive phase. Currently, 0x price is trading at $1.00, above the 9-day and 21-day moving averages. Meanwhile, the price is likely to retest $0.90 before the bullish move continues.

0x Price Prediction: ZRX/USD Could Rise

At the time of this writing, 0x price continues to trend upward and a break above the channel upper limit could encourage more buyers to increase their entry, which could push the price towards resistance levels of $1.31, $1.41, and $1.51. That is, when the price breaks below the 9-day moving average and heads towards the lower boundary of the channel. The next focus below $0.75 support could gain traction.

However, if the support mentioned above is broken, the downward pressure may increase and the next support may be created around $0.62, $0.52, and $0.42 respectively. Meanwhile, the 9-day moving average is still above the 21-day moving average, so the bullish movement may increase.

ZRX/BTC heading to the uptrend

Compared to Bitcoin, 0x price is hovering above the 9-day and 21-day moving averages and if the daily close is above the channel, the bulls could extend the rally towards 1800 SAT and above. On the other hand, a bearish crossover below the moving average could reverse the 0x price direction towards the daily support at 1000 SAT.

Therefore, a further bearish move could push the coin towards support levels below 830 SAT. Meanwhile, as ZRX/USD continues its bullish trend, there is a possibility that the 9-day moving average will remain above the 21-day moving average, confirming the bullish movement.

Additionally, @WorldOfCharts1, who has over 29,000 followers on X (formerly Twitter), highlighted $ZRX. A break of the multi-year downtrend line within three days could signal strong bullishness in the coming weeks. A successful breakout could potentially lead to a surge of 300-350%.

$Zrx
Breaking of a multi-year descending trend line within 3 days In case of a successful breakout, a solid bullish wave is expected in the coming weeks. In case of a successful breakout, a 300-350% bullish wave is expected.#Cryptocurrency #Zrx pic.twitter.com/3KIyN1jWWY
— World Of Charts (@WorldOfCharts1) March 6, 2024

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