Zeta Markets, a decentralized exchange (DEX) focused on derivatives, has launched Zeta X (ZX), a layer-2 solution designed to improve decentralized derivatives trading.

ZX is built on Solana's Layer 1 and aims to provide traders with a fast, efficient, and secure experience, surpassing current performance standards in decentralized finance.

#ZetaMarkets #zeta #zetax #zx #DEX

In the last four hours, the ZK/USDT trading pair has experienced notable activity, reflecting a dynamic market environment. Initially, ZK opened at a price point of $X.XX. A surge in buying pressure led to a sharp increase, pushing the price to a high of $X.XX within the first hour. This upward movement was driven by positive sentiment in the broader cryptocurrency market and an influx of new investors seeking opportunities in ZK.However, this bullish momentum was met with resistance, as sellers began to take profits, causing a pullback to $X.XX. Despite the sell-off, the price stabilized around $X.XX, indicating a consolidation phase. The trading volume remained high throughout, suggesting strong interest and engagement from traders.However, this bullish momentum was met with resistance, as sellers began to take profits, causing a pullback to $X.XX. Despite the sell-off, the price stabilized around $X.XX, indicating a consolidation phase. The trading volume remained high throughout, suggesting strong interest and engagement from traders.Technical indicators, such as the Relative Strength Index (RSI) and Moving Averages (MAs), showed mixed signals. The RSI entered overbought territory early on, hinting at a potential reversal. Meanwhile, short-term MAs supported the bullish trend, while longer-term MAs pointed to potential correction ahead.Looking forward, traders should monitor key support and resistance levels at $X.XX and $X.XX, respectively. Breaking above or below these levels could signal the next significant move. Stay tuned for further updates and trade cautiously in this volatile market.
$ZK #zk #zx