Trading Volume Data Explodes in 5 Altcoins in South Korea – Here’s the List

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 01 2024

ZRX-0.916%

AXS+22.66%

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Unusual Trading Activity: Significant increases in trading volumes have been observed for multiple altcoins on South Korea's Upbit exchange, including Beam (BEAM), 0x Protocol (ZRX), Loom Network (LOOM), Axie Infinity (AXS), and Primer (ASTR), while contrasting trends were noted on Binance.
Volume Increases: Notable volume surges included Beam's increase by 125.48%, 0x Protocol's rise of 273.69%, Loom Network's growth of 224.61%, Axie Infinity's jump of 292.22%, and Primer's spike of 251.66% on Upbit, highlighting a significant divergence from Binance's performance.

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Technical Analysis for ZRX

Technical Sentiment Analysis for 0x Protocol (ZRX) As of , 0x Protocol (ZRX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZRX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ZRX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

0x Protocol (ZRX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.055	0.0709	0.0897	0.106	0.124	0.14	0.159
Fibonacci	0.0709	0.0842	0.0924	0.106	0.119	0.127	0.14

About ZRX

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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