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ZRX trades at $0.369 after a day of gradual decline in value
The short-term trend shows a bearish outlook
The next support point may come by $0.35
0x token has been under bearish pressure over the last 24 hours. Yesterday, it was trading around $0.394 in the beginning hour, and for the whole day, it showed a gradual fall. It ended the day around $0.390. From there, the ZRX price marked a steep fall to $0.357. However, the currency didn’t stay at this level for long and registered a moderate improvement from there. It was hovering around $0.371 minutes before penning down the article.
At the time of writing, the price of 0x token stands at $0.369, and its MACD now shows a bearish outlook. As per the current price trend and technicals, the next halt for ZRX token may come by the support point of $0.350. However, the recent surge in Bitcoin price might help the token to recovery slightly.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content. Read more
