- Bullish 0x (ZRX) price prediction for 2021 is up to $1.5-$2.
- ZRX bearish market price prediction for 2021 is $0.46.
This 0x (ZRX) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ZRX price analysis and prediction.
0x (ZRX) is one of the active digital assets in the crypto market. Consequently, traders and investors are now closely monitoring the crypto. In addition, the ZRX network facilitates a decentralized exchange (DEX) for the increasing volume of ERC20 and ERC-721 assets. Hence, traders and investors can use DEX without the fear of any cyber threats.
Furthermore, the ZRX network provides game creators the ability to build marketplaces for non-fungible tokens (NFT). In this case, gamers holding NFT can easily buy, sell, and trade their tokens with 0x network’s help.
Now that we know most things about the ZRX network, do you think ZRX has the potential to be a profitable crypto in 2021? Are you interested in finding out? Therefore, join me and let us check the charts in this ZRX price analysis and price prediction 2021.
0x (ZRX) Price Analysis 2021
ZRX ranks as one of the top 100 cryptocurrencies in CoinGecko. With this in mind, traders and investors can expect the crypto to deliver great results anytime this year.
Would this be enough to convince traders and investors that ZRX is a potential cryptocurrency this year? Are you already interested? In short, let us come together and see the charts in this ZRX price analysis 2021.
Based on the chart above, 0x manages to survive the wild market swings in the past months. Also, the graph displays ZRX growth rate of +417% from its bearish dip from March 2020 to its current price. In other words, the crypto has a high chance of being profitable this year.
Currently, ZRX trades a high price of $0.62 per crypto with a market capitalization of over $400 million. If this goes on, the crypto might break its $0.64 resistance level and go beyond $0.70.
In terms of trading volume, the crypto has an average of over $100 million worth of trading volume per day.
When it comes to the Fibonacci retracement indicator, ZRX resides above the Fibonacci level of 0.236. In other words, the crypto is in the uptrend position and has the greater advantage against the bulls. In this case, traders can trade with confidence as long as ZRX moves above the Fibonacci level of 0.382.
However, if the crypto opens under the Fibonacci level of 0.5, the luck of ZRX could turn the other way around. In short, traders must trade with caution since there might be a chance of price breakout. In this case, it is recommendable to check the risk level before doing a buy and sell.
0x (ZRX) Price Prediction 2021
ZRX relies on the technology of the Ethereum network. Hence, the latest upgrade of Ethereum 2.0 enables ZRX to expand and overall upgrade its network technology.
Do you think this is enough to make ZRX a profitable investment in 2021? Are you curious already? Therefore, join me, and together, let us find out in this ZRX price prediction 2021.
The graph above displays how the crypto survived the wild market swings of the crypto market. In addition, the graph also shows the strong consolidation of ZRX at $0.396 prior to its over $60 price boost.
Recently, the crypto opened at a low price of $.54 below the Arnaud Legoux Moving Averages (ALMA), a bearish indicator. If this continues, ZRX price might break out and break its support level of $0.500.
In this case, ZRX must regain its composure and head back above ALMA at a price level above $.056. Otherwise, the bearish market might influence the price of the crypto in breaking its second support level of $0.46. Indeed, this is a scenario not favored by the investors.
However, if the bullish market sides with ZRX, these bearish events could turn the other way around. As a result, the price of the crypto could reach $.63 and even its resistance level of $0.648. Granted that, ZRX price could even go higher to $1.5 to $2. Of course, there is a big chance that this will happen if the bullish market sides with the crypto.
0x (ZRX) Price Prediction 2021 – RSI and MACD
Meanwhile, the moving average convergence/divergence (MACD) of ZRX continues to move above the signal indicator. In short, the bulls are still on the side of the crypto. Therefore, traders can still hope for a bullish trend in the coming days.
On the other hand, the relative strength index (RSI) of the crypto is still at a neutral state. In other words, swing and day traders can trade with confidence without worrying about a major price reversal.
The crypto aims to tokenize all kinds of financial values with the help of blockchain technology. Granted that, ZRX expects mass adoption. If this happens, ZRX will be a good investment in 2021.
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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.