OX Price Prediction: Long-term (ZRX) Value Forecast – June 30


  • ZRX/USD market has recorded wandering movements on three consecutive days of trading.
  • There have been much price rejections between the $0.35 and $0.40 trade territories of this cryptocurrency.

ZRX/USD Long-term Trend – Ranging

  • Distribution territories: $45, $50, $55
  • Accumulation territories: $20, $15, $10

During the active price actions of the ZRX/USD market, a chain of wandering movements has been recorded on three consecutive days of trading since June 26, 27, and 28. Between June 23 and 25, the pair was significantly fluctuating around $0.35.

Presently, the 14-day SMA indicator is located near over the 50-day SMA indicator within ranges of $0.35 and $0.30 market lines. And, they almost touch each other. Price has also been found in the range spots fluctuating. The stochastic Oscillators have conjoined their hairs at range 40 to consolidate around it. And that’s a clear indication that the crypto-market is in a tight choppy moving trend.

There have been much price rejections between the $0.35 and $0.40 trade territories of this cryptocurrency. And, most of the trading indicators still suggest the possibility of witnessing more downward price movements in the ZRX/USD market in the next trading sessions. Meanwhile, the bearish force may feature in terms of the slow and steady move towards a low value around $0.25 mark in the long run.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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