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0x (ZRX) Down 0.03% Tuesday: What's Next?

Tuesday, August 16, 2022 12:02 PM | InvestorsObserver Analysts
0x (ZRX) Down 0.03% Tuesday: What's Next?

0x (ZRX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Decentralized Exchange has fallen 3.12% to $0.3622389401.

volatility - 40
InvestorsObserver is giving 0x a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on 0x!

Moderately Volatile

InvestorsObserver gives 0x a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. ZRX's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

0x price is in a good position going forward. With support around $0.351214795657361 and resistance at $0.36788037354585. This positions 0x with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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