0x Value Increased By 1.78%: Altcoin Price Analysis

The 0x value increased by 1.78 over the past day and now has a price of $0.1543 which puts it up in a better position from yesterday. 0x is currently in a downtrend but it should be noted that this is the second consecutive day that the price got up.

The altcoin is now 17 percent below its 20 days moving average and as per the price data, we can see that the price for 0x has increased by 6 percent in the previous 10 days. As for the volume of the altcoin during yesterday’s move, the price change happened during a volume of 72 percent less than the 7-day average volume. The 0x value is expected to trade in a tight price range according to the Bollinger Bands indicator which determines a range based on volatility and momentum over the past two weeks which is now at $0.143 and $0.229. The current proximity to the bottom of the range could start a buying opportunity for traders that are interested in the trading range.

Over the past day, the NA transfers were added to the blockchain and recorded transactions among the holders of 0x. In terms of learning the number of holders, over the past day, the total wallet number holders got NA by NA, while in terms of recurring usage, we can see that 9,054 wallets have already sent or received coins in the previous month. 611 of them have done so in the past day. In regards to the wealth concentration, the top 1000 wealthiest wallets own 139% of the total money supply of the coin, and this number is more significant than 100% because of the token holders that are not able to sell yet. This means that their name is not included in the supply but will be regarded as future sellers when they can sell.

When it comes to the 0x technicals and the expected ZRX trading range, the Bollinger Bands indicator (which determines a range based on momentum and volatility over the past two weeks) is now between $0.1431 and $0.2296. The proximity to the bottom of the current ZRX price may make buying an attractive opportunity for many traders interested in trading the range.