ZRX/BTC found strong support at 8k satoshis area, which has been rejected multiple times. Whether it means a trend reversal or just a correction is yet to be seen. However, the RSI produced a bullish divergence suggesting upcoming wave up.
The resistance is seen at 10k satoshis area, that is a 40% growth potential over the Bitcoin. But, the recent low at 7789 satoshis should be watched for a break below. Daily close below that level might confirm further downtrend and bears will take over 0X once again.
All-in-all it is worth watching the price action of the ZRX/BTC in the coming weeks, which could be surprisingly interesting.
The resistance is seen at 10k satoshis area, that is a 40% growth potential over the Bitcoin. But, the recent low at 7789 satoshis should be watched for a break below. Daily close below that level might confirm further downtrend and bears will take over 0X once again.
All-in-all it is worth watching the price action of the ZRX/BTC in the coming weeks, which could be surprisingly interesting.