OX Price Prediction Today: Daily (ZRX) Value Forecast – June 27
- The short and medium-term outlook is in the bearish trend.
- Traders may consider selling at pullback areas.
ZRX/USD Medium-term Trend: Bearish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2800, 0.2700, 0.2600
The cryptocurrency medium-term outlook is a bearish trend. The wicks formed at $0.3674 in the supply area implies bullish exhaustion before the end of yesterday session. Price fell to $0.2641 in the demand area with the break at the lower demand area.
Today 4-hour opening price at $0.3209 was a bearish candle with a retest at the broken support area with ZRXUSD price shooting up to $0.3342 while making a low initially at $0.3002 and later at $0.2845 in the demand area.
Price is below the two EMAs and the signal of the stochastic oscillator points down at 32%. Which suggest further downward price movement as further confirmed by the retest of the broken in the medium-term.
$0.2880 in the demand area remains a target as the bears increased their momentum.
ZRX/USD Short-term Trend: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. The bears are taking control over the market at $0.3438 with a drop in price to $0.3058 before the end of yesterday session.
The bulls had a brief control as the market today at $0.3190 with a little push to $0.3270 in the supply area before closing with a wick an indication of exhaustion.
The bears took control of the market and pushed price down to $0.2887 in the demand area. The outlook remained bearish but a little push to the upside at the 38.2 fib area a trend continuation zone. This may occur for a market correction before the bearish continuation.
A break at the $0.2891 in the demand area is imminent and further drop may occur in the short-term.
Live 0x (ZRX) Price:
1 ZRX/USD =$1.9539 change ~ 10.70%
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