(ZRX) Price Eyes Breakout: Will Bulls Push Beyond The $0.29 Wall?

ZRX is consolidating inside a symmetrical triangle, with price compressing between awaiting a breakout trigger.

A breakout above $0.29 could push toward $0.32–$0.35, but breakdown below $0.255 may trigger a drop to $0.20.

Spot trading volumes remain weak, but derivatives activity shows growing speculation.

0x Protocol (ZRX) is trading at $0.2668 after a modest 0.51% daily gain, though it remains down 4.79% this week. The token is trapped in a symmetrical triangle, with $0.29 resistance and $0.255 support likely to trigger ZRX’s next explosive move.

ZRX Price Forms Symmetrical Triangle

According to a chart shared by Crypto Enthusiast Alpha Crypto Signal, ZRX has been trading inside a symmetrical triangle since early May 2025. The pattern shows higher lows and lower highs, reflecting market indecision. As at press time , ZRX is trading at $0.2667, sitting just below the 9-day EMA at $0.2714 but above the 50-day SMA at $0.2575.

The latest rejection near $0.29 confirms strong resistance at the upper boundary.The ascending lower trendline continues to act as support, keeping buyers in play despite the dip under the short-term EMA. As the token nears the apex of the triangle, volatility is expected to rise, this is because traders are awaiting a breakout confirmation.

Bulls Vs Bears

If ZRX breaks out above the upper boundary around $0.29 it could rally toward $0.32 and $0.35. However,if it breaks below the $0.255 support zone it may drop ZRX towards $0.22 or even $0.20.

Volume remains muted, which is common during consolidation phases. Analysts however observed that a breakout backed by strong trading activity would add conviction to the move. The triangle setup has become the focal point for traders awaiting to see ZRX’s next trend.

Derivatives Data Hints at Bullish Bias

Market data from CoinGlass shows ZRX trading with a market cap of $226 million. Derivatives activity remains strong, with futures volume at $11.66 million compared to spot volume of $1.74 million. Open interest holds steady at $13.86 million, suggesting active positioning.

On Binance, the long/short ratio stands at 1.34, while top traders lean more bullish at 1.47. This suggests that they are expecting an upside move despite weak spot volumes. Recent liquidations show short positions being squeezed, adding to bullish momentum.

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