ZRX—a decentralized powering exchange is an open protocol that sanctions peer-to-peer exchange of assets on the Ethereum blockchain, built on 0x API holding $75 million of total volume with 713k transactions. 0x has been active with enticing lucrative projects, and with this, it has 22-month resistance recently around $0.95, but it is currently trading with a pullback at $0.61.
0x Price Analysis
ZRX is the token that lets the 0x users vote for Improvement Proposals that evolves the system over time and is currently trading with a pullback below the recent 22-month high at $0.615. ZRX/USD has corrected by 35% in a period of 10 days but holds support from 50-day and 200-day daily MA at $0.4225 and $0.2773, respectively.
It was just 10-days back when the 0x price trend of ZRX was breaching the upper 20-day Bollinger Band, but with a gradual pullback, it is within the range with no trading extremities. Since the coin is still trading above $0.60 price area and showing intraday positive bias, the MACD is showing a bullish divergence, and the RSI is inclined towards the overbought zone at 61.50 after a slight decline above 70.