OX Price Prediction: Long-term (ZRX) Value Forecast – July 7
- The ZRX/USD market has continued to hover around $0.30 mark with fewer amounts of irregularities in the moving mode.
- Slight selling pressure seems to loom in the next trading operations of the ZRX/USD market.
ZRX/USD Long-term Trend – Ranging
- Distribution territories: $45, $50, $55
- Accumulation territories: $20, $15, $10
Since July 1 until the present, there has been an extent of choppy price movements in the ZRX/USD trade. During the last week’s sessions, the market recorded a greater degree of irregular range movements in the trading operations. As at now, the market has continued to hover around $0.30 mark with fewer amounts of irregularities in the moving mode.
The 14-day SMA is a bit bent downward over the current ranging spot. But, the 50-day SMA indicator is located over it as only being separated by a small space. The Stochastic Oscillators have over time kept a tight conjoining manner of the hairs a bit over range 20.
There are indications that the ZRX/USD trade may undergo slight selling pressure in the next trading operations. And, that may lead to seeing the market to hover around another lower market point at $0.25 mark. Prior to witnessing the possibility of that market scenario playing out, the pair may spike falsely in the long run of this crypto-market.
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