Over time, ZRX has proven to be quite a robust mid-table altcoin that actively shows signs of life, despite being in a long-term consolidation that resulted from the bear market of 2018/2019. The coin that serves the open-source protocol for smart contracts had dealt quite well with the March crisis - so much so, that traders are now witnessing the emergence of a legitimate minor uptrend, although it is still at a nascent stage of development.
Finding the retracement bottom
The chart below shows 0x attempting to shake off the shackles of a tedious consolidation that kept the price in the bearish waters. Ever since November 2018, ZRX had been bouncing up and down between $0.14 and $0.33, trying unsuccessfully to find the exit from the narrow range.
Historical price chart of ZRX
The two months old flash crash must have served as the necessary catalyst for the buying activity because 0x has just made an incredible run to the upside, having gained 105% against USD and 54% against Bitcoin in the past 30 days. In doing so, the coin has also established a new higher high, with the first one being registered at $0.34.