0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis.
In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2. While on April 9, ZRX broke out the level and seemed cherished to move to new highs, it proved out to be a Fake Breakout and ZRX again fell to the levels of $1.25.
On May 6, ZRX on Daily Time Frame has again given a decent breakout above $2 and is more probable than earlier to move to new highs.
Key Levels to Watch Out For:
ZRX has been trading in a pattern somewhat similar to Cup and Handle Pattern and has given a breakout. The support to the lower side is present at $1.95 while it may easily give a target of $2.84.