WazirX is a cryptocurrency exchange that has been around since 2018. They are one of the most popular exchanges in the world, with over 2 million registered users and more than 50% of their volume coming from Japan.
The wrx coin price prediction 2025 is a technical analysis for the WazirX (WRX) cryptocurrency. WRX is an ERC20 token that was created on the Ethereum blockchain.
We utilize historical data, price analysis, RVOL, MA, and other information about WRX to evaluate the cryptocurrency’s future direction in Technical Analysis of WazirX (WRX) for 2021.
WazirX is a cryptocurrency exchange featuring a sophisticated trading interface and features for buying, selling, and exchanging digital assets. Furthermore, it is a real-time open order book exchange that enables users to trade over 80 digital assets, including Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash, and others.
Current Market Situation for WazirX (WRX)
At the time of writing, the WRX price was trading at $1.12, with a 24-hour trading volume of $47,458,668 according to CoinGecko. WRX, on the other hand, has dropped 1.8 percent in the past 24 hours.
In addition, there are 452,623,998 WRX in circulation. WRX is now available for purchase on Binance, Tokocrypto, FTX, HitBTC, and Bitcoin.com.
WazirX (WRX) Technical Analysis 2021
WazirX (WRX) is currently ranked 119th on CoinGecko. The WRX’s latest improvements and enhancements may propel it to new heights. Let’s take a closer look at the WRX technical analysis for 2021. WazirX (WRXdaily )’s time frame chart is given below.
Rising Wedge Pattern in WRX/USDT (Source: Tradingview)
The rising wedge is a bearish pattern that starts broad at the bottom and narrows as prices rise and the trading range narrows. One of the most challenging patterns to identify and trade is the rising wedge pattern.
RSI WazirX (WRX)
The relative strength index (RSI) of WRX is seen in the chart below.
RSI WRX (Source: TradingView)
The RSI is still at 54.45, as seen in the chart above. This indicates that the price of the WRX is neither overbought nor oversold. This, on the other hand, demonstrates that merchants may trade without worry.
RVOL WazirX (WRX)
The Relative Volume of WRX is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.
RVOL WRX (Source: TradingView)
The RVOL of WRX is now over the cutoff line, indicating higher volume in the current trend.
Moving Average for WazirX (WRX)
The chart below shows the Moving Average (MA) for WRX. MA aids traders in identifying patterns.
MA WRX (Image courtesy of TradingView)
The price of the WRX dropped to the 50 MA (short-term), but it did not break through the 200 MA. It fully shifts to a bearish condition after it breaches the 200 MA level of WRX.
We may anticipate some reversals at these level since WRX prices are presently trading around the 200MA.
Comparison between WazirX (WRX) vs Bitcoin
The price comparison between WRX and BTC is shown in the graph below.
Chart comparing the prices of WRX and BTC (Source: TradingView)
The trend of the BTC can be seen on the chart, and the WRX is going in lockstep with it. This means that when the price of BTC rises or falls, the price of WRX rises or falls as well.
With the continuous improvements and enhancements to the WRX platform. WazirX has a bright future in the cryptocurrency industry. WRX, on the other hand, has the potential to reach new heights.
The bullish price forecast for the WRX in 2021 is $6.82. As previously said, it has the potential to reach tremendous heights, even $7, if investors believe that WRX is a smart investment in 2021.
What exactly is WRX?
WRX, WazirX’s native token, is a utility token that serves as the foundation of the WazirX ecosystem. Binance Chain is the foundation for WRX tokens.
Where can you get your hands on a WRX?
Binance, Tokocrypto, FTX, HitBTC, and Bitcoin.com Exchange are just a few of the cryptocurrency exchanges that have WRX listed. It may be traded for crypto fiat currencies, stablecoins, and other cryptocurrencies.
Will WRX be able to set a new ATH in the near future?
With the WRX platform’s continuous development and improvements, it has a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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WazirX is a new cryptocurrency exchange that was launched in 2019. It has been called the fastest and easiest way to trade crypto. The is wrx coin a good investment is an important question for any crypto traders.
Frequently Asked Questions
Is WRX coin a good investment 2021?
Can you trade Crypto with technical analysis?
Yes, I can trade Crypto with technical analysis.
Is WazirX good for Bitcoin?
WazirX is a company that specializes in trading Bitcoin. It is not good for Bitcoin itself.
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