$ZRX 1h Watch: Demand Zone Dynamics Unfolding

In an intriguing market landscape, $ZRX is hovering near its demand zone, showing early signs of bullish behavior while still entrenched in a broader bearish trend. Momentum indicators hint at possible shifts, demanding close attention.

Currently, $ZRX is trading within a critical demand zone between 0.1440 and 0.1470, where faint bullish reactions are observed. However, the prevailing bearish bias remains intact, and a definitive bullish confirmation—like a pin bar—must emerge for any long positions. Watch for resistance around 0.1486 while a fall below 0.1414 would intensify the downward momentum and negate bullish setups.

ZRXUSDT

Perp

0.1466

+0.75%