0x (ZRXUSDT) Market Overview: August 25, 2025

• 0x (ZRXUSDT) broke below key support near $0.2513 and tested $0.2456, forming a bearish continuation pattern.
• High volume and turnover surges after 19:45 ET signaled a significant bearish shift in sentiment.
• RSI and MACD show bearish momentum with RSI in oversold territory, suggesting potential for a rebound or consolidation.
• Bollinger Bands show a modest expansion, reflecting rising short-term volatility.
• Fibonacci retracement levels at $0.2513 (38.2%) and $0.2462 (61.8%) may act as key turning points.

The 0x (ZRXUSDT) token opened at $0.2524 on 12:00 ET–1 and closed at $0.2466 on 12:00 ET, hitting a high of $0.2633 and a low of $0.2428. Total volume reached 5,563,886.0, while notional turnover amounted to approximately $1,433,052. The price action suggests a strong bearish bias, particularly following a sharp decline after 19:45 ET.

Structure & Formations

The price of 0x (ZRXUSDT) formed a bearish continuation pattern as it broke below key support at $0.2513 and tested $0.2456. A large bearish candle on 19:45 ET–20:00 ET confirmed the breakdown with high volume and a wide range of $0.2607 to $0.2537. The structure suggests that further downside may be possible unless the price reclaims the $0.2513 level, which now acts as a critical short-term resistance.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages are in a steep bearish crossover, reinforcing the downward bias. Longer-term on the daily chart, the 50/100/200-day moving averages are not immediately relevant but may begin to catch up as the 24-hour low tests previous weekly support levels.

MACD & RSI

The MACD turned decisively bearish after the breakdown, with a large negative histogram confirming the strength of the downtrend. RSI dropped into oversold territory (below 30) after the 19:45 ET breakdown, which could signal a potential bounce or a consolidation phase. However, a close above $0.2513 would be needed to shift momentum in favor of the bulls.

Bollinger Bands

Volatility increased modestly following the breakdown, with the Bollinger Bands widening as the price moved away from the middle band. The 24-hour low at $0.2428 sits near the lower band, suggesting that further downside is possible unless buyers step in. A retest of the $0.2513 level could bring the upper band into play, indicating potential for a rebound.

Volume & Turnover

Volume surged sharply during the breakdown phase, with the 19:45–20:00 ET candle showing a volume of 978,047.0, the highest of the 24-hour period. This suggests strong bearish conviction at that point. However, the divergence between price and volume after 04:00 ET indicates waning bearish momentum. Turnover also spiked during the breakdown and remained elevated, confirming the intensity of the move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing from $0.2633 to $0.2456, key levels at 38.2% ($0.2513) and 61.8% ($0.2462) appear relevant. A close above $0.2513 could trigger a retest of higher Fibonacci levels or even a reversal, while a break below $0.2462 may extend the correction further.

Over the next 24 hours, 0x (ZRXUSDT) may consolidate around $0.2462 or test support at $0.2428. Traders should monitor volume and the RSI for signs of exhaustion or a reversal. A sudden increase in buying pressure without confirmation from volume could indicate a false recovery.