With most of the mainstream cryptocurrencies stabilizing, it is now the turn of the Altcoins to rise further. The action in the mainstream cryptocurrency markets is a bit on the quieter side. However, when you look at the Altcoins, you will realize that they are picking up steam. 0x (ZRX) is one such coin which is rising. In the past 24 hours itself, it is risen by approximately 15%.
0x (ZRX) surges by 15% in the last 24 hours:
As for the fundamentals, there has been no fundamental development specifically today. That is why it seems like a technical bounce back from a support level. This is the reason why it is more important as well. If it is able to bounce back so fiercely from the technical support levels, it can bounce back similarly in the future as well. The question which arises is whether the action returns to the cryptocurrency markets on Monday and whether the momentum will continue or not.
Many of the traders, as well as investors, are now anticipating that there might be a fundamental development pretty soon in 0x (ZRX). It remains to be seen whether that is the case or this was just a technical bounce back from the support levels.