In this 0x Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for ZRX-USDT. Here are three sentences about the 0x Protocol cryptocurrency: The 0x Protocol is an open-source blockchain protocol that enables decentralized exchange (DEX) on the Ethereum network. It utilizes off-chain order books and on-chain settlement, allowing for trustless and permissionless trading of assets. The protocol also supports a wide range of assets, including tokens, smart contracts, and NFTs, making it a versatile platform for decentralized trading.
0x Protocol Price Overview:
As of October 02, 2023, 0x Protocol is trading at approximately 0.1901 USDT. Let’s dive into the detailed price action for ZRX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1972 |
| High (H) | 0.1982 |
| Low (L) | 0.1855 |
| Close (C) | 0.1901 |
| Volume (C) | 3,196,233.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1972 USDT.
- High (H): 0x Protocol reached a daily high of around 0.1982 USDT.
- Low (L): The daily low for ZRX-USDT was approximately 0.1855 USDT.
- Close (C): At the time of analysis, 0x Protocol is trading near its daily close of 0.1901 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.45% |
| 3D Change (%) | -2.21% |
| 7D Change (%) | 3.82% |
| 30D Change (%) | 15.63% |
| 90D Change (%) | -11.62% |
| YTD Change (%) | 28.53% |
Over the past three days, ZRXUSDT has dropped by approximately -2.21%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ZRXUSDT maintaining an upward trend of approximately 15.63%, despite intermittent fluctuations. Examining the last 90 days, ZRXUSDT has witnessed substantial decrease of approximately -11.62%, reflecting strong long-term confidence. Year-to-date, ZRXUSDT has steadily appreciated by around 28.53%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
0x Protocol Live Chart:
You can access a live price chart for ZRX-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.48441.
- Momentum score is 0.15633.
ZRX USDT Technical Analysis
0x Protocol Trading Volume:
The trading volume for 0x Protocol (ZRX) over the past 24 hours has been insignificant, with approximately 3,196,233.00 USDT traded against ZRX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ZRX is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): 0x Protocol is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ZRX-USDT is currently in the neutral zone, around 51.11716. This suggests that 0x Protocol is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
0x Protocol (ZRX-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
