an hour ago | Mathew North
| ⠀0x price: | $0.26 |
|---|---|
| ⠀Key ZRX resistance levels: | $0.313, $0.368 $0.473 |
| ⠀Key ZRX support levels: | $0.208, $0.159, $0.054 |
*price at the time of writing
0x is a digital currency that is intended to offer a decentralized exchange on the Ethereum blockchain. The protocol makes use of Ethereum smart contracts for the exchange of tokens and coins to be made.
The most recent news for the coin was that 0x v3 is now available on the Ethereum main net that went live on December 3. The newest version includes several updates to its core platform including a robust liquidity API for the DeFi ecosystem.
0x Long-Term Price Analysis: Ranging
Over the long-term, 0x is in a ranging market with neither buyers nor sellers having the upper hand. The momentum is also right in the middle with the RSI and MACD showing neutral readings, although there is a bearish crossover on the MACD signal line.
0x Medium-Term Price Analysis: Ranging
Looking over the medium-term for the currency and we can see that the coin had a slight rally from 16 September to 14 October. These price increases were confirmed with the MACD and high volume candlesticks on both accounts, but these rallies have yet to materialize into a long-term trend.
0x Short-Term Price Analysis: Bullish
Zooming into the 4-hourly charts and we can see that prices are in recovery mode. Momentum at present is in the bull’s favor with both the MACD and the RSI giving positive readings. The volume profile for these candles were also healthy and that gives the recovery from credit.
