- Zilliqa price is currently seeing a downtrend on the daily chart which can lead it to the new low. Meanwhile it may hit a low of $0.2 in the future.
- ZIL coin price technical indicators hints a strong downtrend in price for upcoming days . In contrast,ZIL/BTC pair is also seeing a bearish momentum with a loss of more than 2% in the last 24 hours.
Why To Invest In ZIL Coin?
ZIL coin price is currently in a downtrend and is trading near the value of $0.533. It has an ROI of more than 1282% which is much higher than its competitors in the market.
Ziliqa is a high performance and decentralized blockchain with the capability of completing thousands of transactions per second .It has a maximum supply of 21 billion tokens. It was first made as a sale for Erc-20 token as a part of their token generation in JAN 2018. The coin is made in such a way that the whole token will be mined within 10 years. Zilliqa network is secured through PBFT consensus protocol. One can invest in ZIL coin as per their risk capacity.
Technical Indicators Suggests The Continuation Of Downtrend In ZIL Coin Price
The weekly technical chart of Zilliqa price suggests a strong downtrend for upcoming weeks. In contrast the price is observing a strong bearish momentum on the daily chart. Resistance for ZIL price can see a resistance while going upside near $0.0886. The support in the price while going downside can be seen near $0.04. ZIL coin price is currently trading below 50 and 100 Daily Moving Average. The 50MA line of the coin is at $0.87 making it a temporary resistance for the price . The coin has formed a downside parallel channel on the daily chart. If the price goes above the channel then a strong bullish momentum can be seen. ZIL/BTC pair can also see a strong uptrend in price in the future. One can wait for the price action or a positive confirmation before investing in Ziliqa.
ZIL coin price has given more than 10X returns in the past and can continue to give the same in future. Zilliqa price is currently in a downtrend but can soon see revert to the bullish trend. An Investor can do their due diligence before investing.