EMA bands for continuation towards the higher price levels. Surpassing significant barriers, the ZRO cryptocurrency price has surged to a particular peak, indicating a robustly bullish price action for the crypto.
ZRO cryptocurrency hit a low of $2.46 on June 27, 2024, and has been experiencing a steady upward movement in price since. This was later followed by a peak even higher on the chart.
After reaching the lowest point, the cryptocurrency's price surged by 40% within a span of only two days.
Furthermore, as of the current moment, the ZRO crypto's price has remained above the breakout level, indicating the potential for further price increases to higher levels.
The 50-day and the 200-day EMAs have demonstrated bullishness, as the price surpassed the dynamic resistances of EMA bands. Also, the EMA bands are in a previously developed golden cross, and under the influence of the golden cross, the price could possibly further take the support at the EMA bands for continuation towards the higher price levels.
The MACD stays in the bullish vicinity but has presented a bearish cross due to price dip, which was confirmed by the histogram's growing graph downside.
The RSI has fallen from the overbought zones after the price peaked at its limit and has fallen below the 14-day SMA. The RSI further has touched the median level of 50 and has shown as a taken support. This shows that the RSI could still be trading in a bullish cycle.
