Ox Price Prediction Today: Daily (ZRX) Value Forecast – July 12

  • The bears broke the 12-day EMA and the 26-day EMA to reach a low at $ 0.2566. This was the previous low of May 9.
  • Traders should look out  for buy setups in orders to initiate long trades in anticipation of a bullish trend.

ZRX/USD Medium-term Trend: Bearish

  • Resistance Levels: $ 0.44, $0.46, $ 0.48
  • Support Levels: $0.20, $0.18., $0.30

On April 1, the ZRX/USD pair reached the $0.38 overhead resistance but the bears pulled back price to the low of $0.36 price level. Each time the bulls tested the overhead resistance, the crypto’s price would fall to the support of the 12-day EMA or the 26-day EMA.

On June 15 and 22, the bulls tested the $0.36 overhead resistance and the market had a downward correction. The bears broke the 12-day EMA and the 26-day EMA to reach a low at $ 0.2566. This was the previous low of May 9. At this low, the bulls made an upward move to reach the $0.36 overhead resistance level.

On July 11, the bears might have exhausted their bearish pressure as the bulls make an upward move to break above the EMAs. Traders should look out  for buy setups in orders to initiate long trades in anticipation of a bullish trend. Meanwhile, the ZRX market is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and sell signal.

ZRX/USD Short-term Trend: Bullish

On the 1-hour chart, the ZRX price was in a bullish trend zone. The 12-day EMA and 26-day EMA are sloping upward indicating the uptrend. On July 13, the bulls are making an upward move to break above the 12-day EMA and the 26-day EMA. Meanwhile, the price is in the oversold region of the daily stochastic but above the 40% range. This indicates the price is in a bullish momentum and a buy signal.

Live 0x (ZRX) Price:

1 ZRX/USD =$0.3825 change ~ 2.20%

Coin Market Cap

$284.29 Million

24 Hour Volume

$7.32 Million

24 Hour VWAP

$0

24 Hour Change

$0.0084

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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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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