$ZRX has experienced a notable decline of -4.307% over the past 24 hours.
The 24h high and low of 0.2252 and 0.2128 respectively indicate bearish momentum.
Bollinger Bands show the price is nearing the lower band, suggesting potential support at 0.211973.
The established support is confirmed at 0.2128, while resistance sits higher at 0.2234.
With overall market trends in a downtrend, this volatility reflects uncertainty in the larger economic landscape.
Bitcoin's influence remains undefined, potentially contributing to ZRX's independent movements.
Traders may consider a short-term approach due to ongoing volatility and lack of clear bullish signals.
Key takeaway: ZRX is currently positioned for cautious trading as macroeconomic pressures loom over the crypto market.
