0x (ZRXUSD) Makes Rebound at $0.3500 Key Zone as Bearish Tendency Plays Off
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ZXRUSD Analysis – The Price Makes Rebound at $0.3500 Key Zone as Bearish Tendency Plays Off
ZXRUSD Price makes a rebound at $0.3500 key zone as bearish tendency plays off. The level of price tendency is being traded towards the $0.2260 key zone. There has first been a hit at this level of $0.3500, the key zone, with buyers going awry to overcome this key level. Sellers therefore strived to deploy ZRXUSD value downward but also ceased along the way. A retest has also played out again with selling moments intending to drive down to the $0.2260 key zone.
ZRXUSD Market Levels
Resistance Levels: $1.1900, $0.8100
Support Levels: $0.3500, $0.2260
ZRXUSD was predominantly governed by the sellers, with the crypto market first ensuring a downtrend ride from $1.1900 down to $0.4600 market level. There was a bearish appearance with the ZRXUSD value engaging price action on the trend line. A price swing that eventually swung the ZRXUSD in a bullish direction, with a return to the $1.1900 key level.
With a strike back to this level, ZRXUSD witnessed a downtrend display. The price was engaged with strong liquidity in price action, thereby breaking through several important levels. Both prospects, however, centralized price action below the 0.4600 key zone before further breaking down to $0.2260. A drop is now expected following a rebound to $0.3500, the key level on the daily chart. The Price Oscillator indicator is set to cross toward a selling tendency, which shows on the daily chart that people are more likely to sell. 
Market Expectations
The Moving Average cross has indicated another golden cross, and sellers are getting ready to pull the price down to the key zone at 0.2260. As sellers prepare to push the price down to $0.2260, the Price Oscillator is also trading in the downward direction.
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