ZRXUSD is the first alt we have looked at where we feel that strength begets strength.
In ZRXUSD resistance is at $.026. That may only hold temporarily as the up move may target the high of the previous 4th wave near $0.40.
Bottom Line: Coinbase users that missed the Stellar spike may pour into ZRXUSD until it reaches $0.40. There are so many Coinbase users that ZRXUSD may not need a fundamental reason to go up beyond.
It's a Coinbase chase.
DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.