0x is a decentralized protocol whose goal is to modernize and simplify the trade of ERC20 tokens through the use of transactions that take place outside the blockchain (off-chain) under ETH smart contracts.
ZRX rate follows the market, an upward trend has formed. The 0x quotes correlate with the ETH, but on October 7, the rate broke off and went higher, and now the price will be adjusted to the lower level of the channel most likely.
The current minimum was formed at the level of 0.00007369. The resistance at 0.001180 has broken through, but did not lock in higher, which may lead to consolidation of the rate at this level. In addition, it is a comfortable zone for asset purchases - 0.000101 - 0.000105.
Volatility is 3-4% during the day. But the periodic appearance of large buy orders may cause of the long candles appear and volatility increases.
The growth potential 0x is difficult to calculate due to the fact that the rate of the token depends on the development of ETH, being its extension indeed.
ZRX rate follows the market, an upward trend has formed. The 0x quotes correlate with the ETH, but on October 7, the rate broke off and went higher, and now the price will be adjusted to the lower level of the channel most likely.
The current minimum was formed at the level of 0.00007369. The resistance at 0.001180 has broken through, but did not lock in higher, which may lead to consolidation of the rate at this level. In addition, it is a comfortable zone for asset purchases - 0.000101 - 0.000105.
Volatility is 3-4% during the day. But the periodic appearance of large buy orders may cause of the long candles appear and volatility increases.
The growth potential 0x is difficult to calculate due to the fact that the rate of the token depends on the development of ETH, being its extension indeed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.