#ZRXUSDT 4H Overview

$ZRX’s current price is at $0.3926, indicating instability with a slight bearish tilt.

Trading volume shows significant activity with 4,136,813, pointing to increased market interest.

ATR is moderate at 0.0332, suggesting a reasonable level of volatility.

TECHNICALS:

• OBV demonstrates a positive trend, showcasing consistent buying pressure, with a slight increase to 162.4M.

• RSI currently at 35.41, suggesting a neutral stance in terms of overbought or oversold conditions.

• MFI is at 22.51, suggesting potential selling pressure.

• CCI indicates a neutral market condition at -121.94.

• WR% shows a bearish sentiment with -82.28.

MOMENTUM:

• MOM indicates a bearish momentum.

• SMA suggests a bearish trend as the price is below it.

• ADI has bearish sentiment as -DI is greater than +DI.

• MACD indicates a bearish market.

• PSAR aligns with a bearish sentiment.

Support: $0.386

Resistance: $0.402

OVERALL CHART BIAS:

Since it’s recent pump at $0.63, market has found itself in a downtrend and has left what seems to be a Double Top pattern, further solidifying my bearish confluence.

Price is hovering above the wide VAH, and it is crucial at this time whether a bounce upward would occur or further its dump towards the Fib’s golden zone. It also seems retesting its now flipped trendline resistance.

My overall bias for $ZRX’s 4-hour frame is leaning towards a bearish sentiment, supported by negative indicators such as MOM, SMA, ADI, MACD, and PSAR. There is also bearish divergence in MFI.