OX Price Prediction Today: Daily (ZRX) Value Forecast – June 12


  • The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
  • Traders should be patient during the consolidation.

ZRX/USD Medium-term Trend: Ranging

Supply zones: 0.3600, 0.3800, 0.4000

Demand zones: 0.2800, 0.2700, 0.2600

The cryptocurrency medium-term outlook remains in a range-bound market. The strong bears' pressure on price that started on 8th June at $0.3771 in the supply area was weakened at $0.3062 in the demand area on 9th June. ZRXUSD has been consolidating since the drop.

The bulls were obviously in control since the market opens today. The bullish spinning at $0.3249 after the breakout further gave the bulls dominance. Price was up at $0.3384.
The signal of the stochastic oscillator is up at 68% an indication of upward momentum in price within the range.

The cryptocurrency is in consolidation and trading between $0.3500 in the upper supply area and at $0.3100 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

ZRX/USD Short-term Trend: Bullish


The coin is in a bullish trend in the short-term outlook. The bulls staged a comeback shortly after the market opened denoted by the bullish railroad formation. ZRXUSD rose to $0.3346 in the supply area before the bears' corrective movement.

Price fell to $0.3222 around the trendline. The bounce did push the coin up to $0.3360 in the supply area.

The rid to $0.3600 in the supply area remains strong with the signal of the stochastic oscillator pointing up at 82%. The EMAs are fanned apart which implies strength in trend in the short-term.

Live 0x (ZRX) Price:

1 ZRX/USD =$1.4058 change ~ 9.16%

Coin Market Cap

$1.05 Billion

24 Hour Volume

$87.74 Million

24 Hour VWAP

$1

24 Hour Change

$0.13

 

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

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide