0x Price Prediction 2022 — Will ZRX Hit $3 Soon?
- Bullish ZRX price prediction is $0.5900 to $1.2516.
- The ZRX price will also reach $3 soon.
- ZRX’s bearish market price prediction for 2022 is $0.4682.
In 0x’s (ZRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about ZRX to analyze the future movement of the cryptocurrency.
0x Current Market Status
According to CoinGecko, the price of ZRX is $0.570208 with a 24-hour trading volume of $31,543,849 at the time of writing. However, ZRX has increased 4.5% in the last 24 hours.
Moreover, ZRX has a circulating supply of 847,496,054 ZRX. Currently, ZRX trades in cryptocurrency exchanges such as Binance, OKX, Bybit, Mandala Exchange, and FTX.
What is 0x (ZRX)?
0x is a protocol that aims to facilitate a frictionless peer-to-peer exchange of Ethereum-based assets. 0x is considered a non-custodial solution because funds are deposited or withdrawn from the user’s wallet. It aggregates liquidity pools from different projects that are built on top of 0x for smoother peer-to-peer transactions. The 0x network revolves around the maker and taker. Maker is the party that creates a buy or sell order while taker is the party that fills the order. ZRX is the governance token for the 0x protocol. ZRX holders have the authority to influence the direction of the protocol by voting on proposals. Users can stake ZRX tokens with the staking pools available in the ZRX Portal and start earning ETH as rewards. If users are unsure about which staking pools to stake with, they can refer to the staking wizard for an easier process.
0x (ZRX) Price Prediction 2022
0x holds the 157th position on CoinGecko right now. ZRX price prediction 2022 is explained below with a daily time frame.
Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
Currently, ZRX is in the range of $0.570208. If the pattern continues, the price of ZRX might reach the resistance level of $0.6138 & $0.6906. If the trend reverses, then the price of ZRX might fall to the support level at $0.4622.
0x (ZRX) Support and Resistance Level
The below chart shows the support and resistance level of ZRX.
From the above monthly time frame, it is clear the following are the resistance and support levels of ZRX.
| Resistance Level 1 | $0.5900 |
| Resistance Level 2 | $0.7092 |
| Resistance Level 3 | $0.9390 |
| Resistance Level 4 | $1.2516 |
| Support Level | $0.4682 |
The charts show that ZRX has performed a bullish trend over the past month. If this trend continues, ZRX might run along with the bulls overtaking its resistance level at $1.2516.
Accordingly, if the investors turn against the crypto, the price of the ZRX might plummet to almost $0.4682, a bearish signal.
0x Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of ZRX is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ZRX lies below the cutoff line, indicating weaker participants in the current trend.
More so, the ZRX’s Moving Average (MA) is shown in the chart above. Currently, ZRX is in a bearish state. Notably, the ZRX price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of ZRX at any time.
Meanwhile, the relative strength index (RSI) of the ZRX is at level 51.79. This means that ZRX is in neither an oversold nor an overbought state. However, this means a major price reversal of ZRX may occur in the upcoming days. So, traders need to trade carefully.
0x Price Prediction 2022 — ADX, RVI
Let us now look at 0x’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of 0x. Currently, ZRX lies in the range of 16.8524 so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of ZRX. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of ZRX lies below the 50 levels, indicating that the direction of volatility is low. In fact, ZRX’s RSI is at a 51.79 level thus confirming a potential sell signal.
Comparison of ZRX with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and 0x.
From the above chart, we can identify the trend of the ETH, BTC, and ZRX is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ZRX also increases or decreases respectively.
Conclusion
With continuous improvements in the 0x network, we can say that 2022 is a good year for ZRX. For this reason, the bullish price prediction of 0x in 2022 is $1.2516 On the other hand, the bearish ZRX price prediction for 2022 is $0.4682.
Furthermore, with the advancements and upgrades on the ZRX ecosystem, the performance of ZRX would help to reach above its current all-time high (ATH) $2.50 very soon. But, it might also reach $3 if the investors believe that ZRX is a good investment in 2022.
FAQ
0x is a protocol that aims to facilitate a frictionless peer-to-peer exchange of Ethereum-based assets.
ZRX has been listed on many crypto exchanges which include Binance, OKX, Bybit, Mandala Exchange, and FTX.
With the ongoing developments and upgrades within the ZRX platform, it has a high possibility of reaching its ATH soon.
On Jan 13, 2018, ZRX reached its new all-time high (ATH) of $2.50.
0x (ZRX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ZRX in the past few months, ZRX is considered a good investment in 2022.
0x (ZRX) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then 0x (ZRX) will hit $3 soon.
0x (ZRX) price is expected to reach $8 by 2023.
0x (ZRX) price is expected to reach $11 by 2024.
0x (ZRX) price is expected to reach $17 by 2025.
0x (ZRX) price is expected to reach $25 by 2026.
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