WazirX Gains Over 160% in 4 Months; Trades Above $0.130

WazirX – a premier crypto trading platform in India, has been enticing enough traction from around the country as it sets to be one of the most developing platforms so far. WazirX’s native token WRX has been, therefore, roaring as it trades above $0.135. WazirX, as a trading platform, has been listing all the top coins for the ease of Indians, trading in cryptocurrencies, and providing options to trade in various cryptos from over 5000 cryptocurrencies.

It was during the lockdown due to the pandemic when it listed yet another Indian crypto Matic Network which was followed by enabling Matic deposits and withdrawals in the previous month. It was just in the previous month when WazirX added BTC, BNB, and WRX to the Binance WazirX inter-wallet transfer option.

WazirX’s Highest Trader Kaun Marathon for cryptos has been a different breakthrough altogether for cryptos enthusiasts and lovers. With this, WazirX has started the WazirX Education Partners program, and a full-fledged engagement has been gaining enough impetus for the platform and the coin both. WazirX is secure and trustworthy enough as it has been acquired by the global premier cryptocurrency exchange, Binance, and has been thereby maintaining the stance of partnership all along, as observed. 

WazirX Price Analysis

WRX holds a market capitalization of over $30 million and is one of the top 200 tokens of the crypto market. WRX was listed just a month before the Pandemic in February 2020, trading around $0.115 and had hit a high at $0.232 just before the massive sell-off in March due to the Coronavirus market crash.

After plummeting as low as $0.051 in March, WRX is now trading with an approximate gain of over 160% in 5 months. The bullish candlewick of WRX/USD is now hitting the upper 20-day BB as they appear squeezing. After recovering, the coin has held a flattish momentum since the past four months and is trading within a narrow price range, but holds a promising prospect based on its platform.

The MACD chart holds a slight bullish divergence due to intraday gain of traction, and the short-term investment is just a boom leading the MACD line to cross above the signal line. The RSI is seen inclining towards the overbought region at 57.43 with a slow yet steady increase in demand.