Market Overview for 0x Protocol/Tether (ZRXUSDT) – 2025-10-26

• ZRXUSDT opens at 0.1975 and closes 0.1983 after a volatile 24-hour session with a high of 0.1995 and low of 0.1931.
• Price broke above key resistance at 0.1975 and formed a bullish continuation pattern in the final 24 hours.
• High volatility and diverging volume suggest a mixed bearish/bullish momentum phase.
• 24-hour volume surged to 5,326,664, while turnover reached $1,032,320, indicating strong participation.
• RSI and MACD show mixed signals with overbought readings and bullish divergence in the final hour.

0x Protocol/Tether (ZRXUSDT) opened at 0.1975 at 12:00 ET on 2025-10-25 and closed at 0.1983 by 12:00 ET on 2025-10-26. The pair traded between 0.1931 and 0.1995 during the 24-hour period, with total volume reaching 5,326,664 and notional turnover at approximately $1,032,320. The price action reflects a strong upward bias in the final 6 hours, following a bearish consolidation phase earlier in the day.

Over the past 24 hours, ZRXUSDT tested key support and resistance levels, with 0.1969 and 0.1975 acting as short-term pivot points. A bullish engulfing pattern emerged around 08:30 ET, followed by a continuation of gains into the early hours of 2025-10-26. The price found renewed strength after failing at 0.1975 in the morning, breaking through to 0.1983 by market close. A 50-period moving average on the 15-minute chart acted as a dynamic support, reinforcing the bullish setup.

The 20-period and 50-period moving averages crossed above the 100-period line, suggesting a short-term bullish trend. Price action remained above the 20-period MA for the majority of the session, indicating strong demand. Notably, the 15-minute RSI pushed into overbought territory (70+) multiple times, particularly in the final 2 hours, suggesting potential consolidation ahead. However, the MACD histogram showed positive divergence in the last 2 hours, hinting at sustained momentum.

Bollinger Bands widened significantly during the late evening and early morning hours, reflecting increased volatility and price momentum. Price moved from the lower band to near the upper band during the final 6 hours of the session, showing strong conviction in the bullish move. The 61.8% Fibonacci retracement level from the morning’s bearish swing aligned with 0.1975, and the price rebounded from there before surging to the 23.6% level by the close.

The MACD and RSI readings, combined with volume divergence and Fibonacci levels, suggest a strong short-term bullish case for ZRXUSDT, with a key target at 0.2006 in the next 24 hours. However, a breakdown below 0.1969 may trigger a retest of the 0.1950 support level. Given the recent volatility and mixed momentum signals, a cautious bullish outlook is advised, with close monitoring of the 0.1983–0.1995 range as a potential consolidation zone.