BTC$20 900.56


ETH$1 202.05




USD Coin


Binance Coin


Binance USD


0x (ZRX) Project: Awaiting Pullback

February 2020


Those traders who tend to estimate the genuine value and the prospectiveness of a coin not only by its historical price action and news but also by virtue of fundamentals should definitely pay close attention to 0x (ZRX). The project behind this cryptocurrency is engaged in the development of some interesting solutions for decentralized cryptocurrency exchanges, which many consider being the future of cryptocurrency trading.

Fundamentals incentivize price action of 0x

In a nutshell, 0x is an open-source protocol created on the foundation of Ethereum blockchain that facilitates an instant and cost-efficient exchange and purchase of cryptographic assets. The project’s chief product is API that offers plenty of perks and can be easily integrated into virtually any decentralized cryptocurrency exchange. The primary purpose of the API is to attract liquidity to the platforms and reduce the chances of slippage, which would be achieved by combining the order books from different cryptocurrency exchange platforms. The API was launched on January 29, and this event has found its reflection on the price charts.

1-day ZRX/USDT chart

The daily chart shows that in the period of 7 days following the API launch, the coin has gained a bit over 30%, which could be even more in the case if 0x manages to move past the $3 resistance. This rapid price surge shows the price action of ZRX to be quite sensitive to the fundamental improvements, so traders who are interested in this market should pay close attention to the project’s newsletters and updates.

The charts tell the story

0x is not the coin that basks in the media lights, so the flow of information regarding it is quite limited. Therefore, it would be better to start analyzing this currency from large time frames in order to comprehend the long-term price behavior of ZRX, before narrowing it down to smaller time frames.

1-month ZRX/USDT chart

The monthly chart shows that 0x could be characterized as a firm price mover, although a decisive move to the upside, the duration of which never exceeds two green monthly candles, is always followed by the pullback of almost equal magnitude. Judging from the fact that we are already witnessing two such candles being formed, is it possible to assume that the next 30 days would bring a retracement, possibly to the level of $0.20 - $0.22.

The weekly chart also points to the fact that ZRX is longing for a retracement - the continuation of an upside hike would be deemed as unhealthy, thus opening up the possibility of a significant crash on this market somewhere down the road.

Weekly ZRX/USDT chart

As indicated, the next price target for this pair should be set at around $0.3132, a point where the current move should run out of stream, and the market must retrace. The 14-period RSI, though, remains below 60, which is considered a neutral stance, so there is still plenty of room left for the upside sprint.

1-day ZRX/USDT chart

On the daily chart, ZRX has been moving steadily within the confines of the upward channel, making higher lows and respecting the support line, which instills hope in the continuation of the uptrend. Here the price should reach the transient resistance at $0.032 - $0.035 soon because the coin is already overbought. All in all, traders should see 0x retracing in the next week or so, which presents an opportunity to engage in swing trading.

Author: Alex Paulson for


0x (ZRX): Steep Correction is Over. What Next?
0x (ZRX): Steep Correction is Over. What Next?
ZRX Price Prediction for 2020 to 2025
ZRX Price Prediction for 2020 to 2025
0x (ZRX) Flashes Clear Bullish Signals
0x (ZRX) Flashes Clear Bullish Signals
0x (ZRX) Is Breaking Critical Resistance Levels
0x (ZRX) Is Breaking Critical Resistance Levels
0x (ZRX): Divergence-Backed Bullish Expectations
0x (ZRX): Divergence-Backed Bullish Expectations
0x (ZRX) Price Prediction for December 2019
0x (ZRX) Price Prediction for December 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 55.6% 92 $20 900.56 -2.20% 2.22% $398 755 492 673 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 60.4% 88 $1 202.05 -2.96% 7.07% $145 838 169 594 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999239 -0.03% 0.02% $66 816 360 124 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000002 -0.04% -0.08% $55 802 722 548 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 61.2% 88 $234.15 -2.25% 8.36% $38 231 653 209 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.001013 0.02% -0.03% $17 406 990 839 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.2% 80 $0.354798 -3.53% 9.82% $17 152 035 554 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64.8% 78 $0.488369 -3.44% -1.29% $16 483 693 060 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 64.8% 71 $38.75 -5.93% 10.64% $13 283 462 618 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 59.2% 85 $0.072549 -2.39% 21.26% $9 625 078 747 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 64.4% 81 $7.80 -4.85% -0.49% $7 698 820 570 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 96% 1 $0.999958 -0.06% -0.09% $6 797 461 805 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 56% 88 $0.068078 3.77% 11.43% $6 296 975 066 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 60.4% 78 $0.000011 -4.63% 36.14% $6 074 989 804 SHIB 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 57.6% 92 $20 886.28 -2.15% 2.70% $5 526 065 366 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.