<strong><em>Ox Protocol prices are up 24 percent, reversing last week's gains. Trading volumes are high, and ZRX prices could retest April 2022 lows of $0.65.</em></strong>
<h2>Past Performance of the Ox Protocol</h2>
ZRX token prices are racing higher when writing, bottoming up from 2022 lows. ZRX crypto is up 24 percent at press time versus the USDT, outperforming BTC and ETH during the same period. As per the candlestick arrangement in the daily chart,<a href="https://www.cryptoknowmics.com/news/zrx-technical-analysis-fib-retracement-shows-the-price-successfully-crossed-the-pivot-at-1-3/" target="_blank" rel="noopener"> ZRXUSDT</a> is in a retest phase though the primary trend remains southwards.
<h3>Ox Protocol Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/Ox-Protocol-ZRX-Daily-Chart-for-May-20.png"><img class="alignnone size-full wp-image-236757" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/05/Ox-Protocol-ZRX-Daily-Chart-for-May-20.png" alt="Ox Protocol ZRX Daily Chart for May 20" width="1366" height="768" /></a>

From a top-down analysis, the ZRX coin is bearish. Specifically, it is within a bear breakout formation with resistance at $0.50 flashing with May 11 highs. Following the resurgence of ZRX crypto prices buoyed by rising trading volumes, traders may search for entries targeting April 2022 lows of around $0.65. Of note, the May 20 bull bar is with decent trading volumes printing after encouraging sideways movement. The surge of ZRXUSDT crypto prices may unwind the losses of May 11. In that case, ZRX coin bulls would have the upper hand from an effort versus results perspective. On a more cautious outlook, deeper losses below $0.36 may trigger more dumps towards 2022 lows of around $0.30.
<h3>What to Expect from ZRX?</h3>
Buyers are on the front foot when writing. However, a close above $0.50 may draw more demand, accelerating gains towards $0.65 and even Q1 2022 highs.

Ox Protocol rises 24%, ZRX Buyers Target $0.65 in a Retest

Ox Protocol prices are up 24 percent, reversing last week's gains. Trading volumes are high, and ZRX prices could retest April 2022 lows of $0.65.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Ox Protocol rises 24%, ZRX Buyers Target $0.65 in a Retest

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