Zeta Markets airdrops ZEX token, price leaps 132%

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 27 2024

Should l Buy ZEX?

Zeta Markets Airdrop: Zeta Markets introduced the ZEX token through an airdrop, distributing 100 million tokens worth over $13 million initially.
Token Utility: The ZEX token will play roles in governance, staking, and incentivizing liquidity providers within the Zeta ecosystem.
Vote-Escrow Model: Zeta Markets implemented a vote-escrow model to encourage long-term holding, offering increased governance rights and staking rewards.
Claim Process: Eligible participants can claim their airdrop shares within 90 days via Zeta's official token claim site, targeting long-term users and active traders.
Genesis Epoch: Zeta Markets announced the Genesis Epoch starting June 20th, distributing 8 million ZEX in trading rewards until July 25, 2024.

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Technical Analysis for ZEX

Technical Sentiment Analysis for Zeta (ZEX). As of , Zeta (ZEX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ZEX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Zeta (ZEX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.0188	0.00325	0.0211	0.0431	0.061	0.083	0.101
Fibonacci	0.00325	0.0185	0.0279	0.0431	0.0584	0.0678	0.083

About ZEX

Zeta Markets is building the fastest, simplest and most secure perps DEX on the market. By leveraging the cutting-edge scalability of Solana, Zeta offers comparable features and performance to a CEX, whilst retaining the self-custodial nature and transparency of a DEX. ZEX is the governance token of the Zeta platform and offers governance rights as well as a share in ongoing trading and staking incentives to align the long term interests of the protocol with the community.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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