Low Volatility May Cause 0x (ZRXUSD) To Subside
0x Price Analysis – the Market May Subside Due to the Current Low Volatility
0x (ZRXUSD) low volatility may plunge the market from its ascending channel. On the 3rd of February 2021, a drastic increase in market volatility created a surge in ZRX. The price rose and moved past the $0.8000 and $1.2600 key levels with ease, till it got to a height of around $2.2000. Though the price immediately fell back to $1.2600, the volatility remained on the rise. 0x began moving in a drastic undulating manner with that increase in volatility.
By the 21st of February 2021, the volatility strength took a plunge. Coming with it are less drastic market moves. The low volatility continued till the 29th of March 2021, when it was jacked up once again. The bulls immediately capitalized on the increased volatility to move the…
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