Recent Developments & Macro Drivers
0x Protocol has been making waves recently, though not all for the right reasons. Back in late January 2026, there was a security incident involving the SwapNet contract that Matcha Meta uses, which led to losses of around $16.8 million. The good news? The core 0x contracts—AllowanceHolder and Settler—weren’t compromised at all. While this helps limit the long-term damage to 0x’s reputation, it’s definitely put a spotlight on the risks that come with third-party integrations. Naturally, this news created some short-term jitters among more cautious investors.
But it’s not all doom and gloom. In fact, 0x has been pushing forward with some exciting expansions. The protocol’s Swap API is getting ready to bring deep liquidity to the Monad mainnet, and they’re also making serious moves into the Solana ecosystem. By branching out beyond Ethereum, ZRX could see increased adoption, more transaction fees, and stronger governance participation down the line.
Technical Indicators & Chart Structure
Right now, ZRX is trading at roughly $0.11558 USDT, up about 5.16% in the last 24 hours. Looking at the 4-hour chart, the RSI is sitting around 68.74—getting close to overbought levels but not quite there yet.
The 4-hour MACD is looking pretty healthy too, with the MACD line above its signal line and the histogram showing positive and expanding bars. This tells us there’s building bullish momentum in the shorter timeframes. The 4-hour EMA has pushed up to around $0.1092, with the SMA trailing below at roughly $0.1071. This crossover suggests price has broken above recent averages, potentially creating a support cushion in that $0.106 to $0.110 range.
Looking at daily pivot levels gives us some useful markers: the main pivot point sits at approximately $0.1144. Above that, we’ve got resistance at R1 around $0.1189, R2 near $0.1219, and R3 up at $0.1264. On the downside, support shows up at S1 around $0.1114, S2 near $0.1069, and S3 down at $0.1039. With price hovering just above the pivot, there’s a slight bullish tilt, but we’ll need to see a clean break through R1 to confirm the upward momentum has legs.
Short-Term Price Action
If this bullish energy keeps up, the next logical targets for ZRX would be R1 at $0.1189, followed by a test of R2 around $0.1219. The first line of defense on the downside sits between S1 at $0.1114 and the pivot around $0.1144. With the 4-hour RSI pushing toward 70, we might see a brief pullback or some sideways consolidation before the next push higher. A healthy retracement to the $0.110-$0.112 area could actually set up a nice buying opportunity before another leg up.
Mid-Term Forecast & Risks
Looking ahead over the next few weeks to a month, if the positive news keeps flowing—especially around the Monad mainnet integration and broader ecosystem adoption—ZRX could realistically push toward that R3 resistance around $0.1264. If it breaks through that level decisively with strong volume backing it, we could even see a run toward $0.14, particularly if the broader altcoin market is also showing strength. On the flip side, if we hit broader market headwinds or see heavy profit-taking, losing support at S2 around $0.1069 could open the door to a slide down toward S3 near $0.1039 or potentially lower.
Here are some key risks worth keeping an eye on:
- Further security issues in related ecosystem projects, even if 0x’s core infrastructure remains secure
- Weakening sentiment across the altcoin market or broader macroeconomic factors like regulatory changes or interest rate movements
- Liquidity drying up around key resistance levels, which could lead to failed breakout attempts and bearish reversals
Scenario-Based Price Predictions
Bullish Scenario: If ZRX holds steady above that pivot around $0.1144 and manages to break through R2 at $0.1219 with solid volume, we could realistically see prices reach $0.125 to $0.130 by mid-February into early March. In a scenario where altcoins rally broadly and the fundamentals continue improving, a push toward $0.14 isn’t out of the question.
Base/Neutral Scenario: Price consolidates in a range between S1 at $0.1114 and R1 at $0.1189 as the market digests recent news and developments. This would create a trading range roughly between $0.110 and $0.120, with the pivot around $0.114 acting as the center of gravity. Whichever direction it breaks from this range will likely set the near-term trend.
Bearish Scenario: If we see price drop below S2 at $0.1069 on heavy volume, sentiment could shift quickly. This would put S3 around $0.1039 back in play, and any fresh negative news—particularly around security or regulations—could accelerate the downside and bring sub-$0.10 levels back into the conversation.
Final Insight
ZRX is sitting in a pretty decent technical position right now. It’s trading above recent moving averages, showing a rising MACD on the 4-hour timeframe, and benefiting from some genuinely positive protocol developments. The short-term picture looks bullish, with the main resistance cluster sitting in that $0.120 to $0.126 zone. That said, the RSI is getting stretched, which suggests we might see some consolidation or a minor pullback before the next move higher. The mid-term trajectory will largely depend on whether the ecosystem expansion continues smoothly and how the broader altcoin market performs. For traders looking to enter, dips around $0.110 to $0.112 could offer attractive entry points, with stops placed near S2 for risk management. If momentum holds, R2 to R3 levels make for reasonable targets in the coming weeks.
