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Tag: ZIL

  • Zilliqa (ZIL) –  What is the Chart Showing Us?

    Zilliqa (ZIL) –  What is the Chart Showing Us?

    At the time of writing, ZIL is being traded at the price of $0.07812. The price of the coin has decreased by almost 5.42% in the past 24 hours. The maximum and minimum of the day are around $0.08452 and $0.07383. The daily trading volume has on the other hand has also decreased by almost 17% in one day. ZIL is listed on coinmarketcap at 97th spot according to market capital and has a market dominance of 0.04%.

    ZIL before the crash had achieved its all-time high around the price of $0.256 in May 2021. During the crash, it created a bottom and dropped down to $0.050 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. ZIL ultimately dropped down even the monthly low of July and is showing weakness.

    ZIL has a total supply of around 21B tokens and has nearly half of them in the circulation i.ie around 12.1M. ZIL can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, HitBTC.

    Technical Analysis – Zilliqa (ZIL)

    ZIL has shown weakness even when it was in the uptrend. We can see that prior to the drop in the price and the shift in the structure, the price was moving in the uptrend. But the creation of higher highs and higher lows was very slow.

    Ultimately the structure broke and the price started to create lower lows and lower highs. The price was moving in the downward channel. ZIL at this point started to show strength and the shift in the structure became obvious. This happened when the price started to consolidate and built a base at the bottom.

    ZIL - 1D

    Now there are two points of interest. One is the equilibrium of the consolidation and the other one is the last lower high. We can expect the price to touch the breaker, drop down to touch the middle point of consolidation, and then a long upwards.

    Price Prediction – Zilliqa

    Zilliqa (ZIL) has been one of the highly bullish coins in the market. According to wallet investor, ZIL in one year is expected to reach a value of $0.156. In five years, it is expected to touch $0.450. This shows that even though ZIL has a huge amount of potential in it and would give an amazing return but according to this estimate, it would take 5 years to reach the current ATH.

  • Zilliqa price prediction – To cross the ten-cent mark?

    Zilliqa price prediction – To cross the ten-cent mark?

    Zilliqa had been under strong bears ever since the cryptocurrency peaked at the bull run of 2021. After establishing an all-time high of $0.25, Zilliqa coin succumbed to market corrections and had been struggling to regain strength. However, the shift in the overall market sentiment has resulted in the cryptocurrency’s possible trend reversal.

    At the time of writing, Zilliqa coin stands at a price level of $0.078. The price of the cryptocurrency has increased by 17% in the past twenty-four hours while the weekly performance shows a growth of 27%. The trading volume of ZIL has surged by 363% in the past twenty-four hours alone.

    Zilliqa Coin technical analysis

    The market sentiment for Zilliqa crypto is bullish given the recent upside move.  Out of the total twenty-six technical indicators, ten are giving out an indication of buy with nine indication at a neutral position. Seven of the total are suggesting a sell position. The oscillators are mainly neutral while the moving averages are bullish.

    Zilliqa Price Prediction
    Zilliqa Price Prediction

    ZIL coin has broken a descending trend line with the current bullish momentum. A trader’s analysis has identified a steep upward trajectory for Zilliqa coin in the upcoming days. The cryptocurrency is expected to reach towards $0.14 although with up and down movements. A strong support level also lies at $0.057.  ZIL coin can be expected to stabilize at the support level if the bears dominate the market again.

    ZIL coin price prediction

    Zilliqa blockchain aims to solve the problem of scalability and speed in the crypto space. It is also famous for staking and yield farming. The future outlook for the cryptocurrency is bullish. Wallet Investor estimates the cryptocurrency will end the year at $0.18 and operate at $0.61 in five years’ time. Digital Coin Price’sprojections show Zilliqa to have a price level of $0.12 by the end of 2021. Hence, the cryptocurrency is expected to soon cross the ten cent mark.