Zilliqa Price Analysis: ZIL Coin Price Sustains Above The Support Of $0.1

• Zilliqa price is currently observing a bearish momentum on the daily chart and can soon hit a new low. Meanwhile it has observed a loss of more than 0.28% in the intraday session.
• Technical indicators of ZIL price suggest a downside momentum in price . In contrast, ZIL/BTC pair is also up by more than 1.7% in the past 24 hours

Why To Invest In ZIL Coin?

ZIL coin price is currently observing a downside momentum on the daily chart but can soon revert to the uptrend. Ziliqa coin price is currently trading near the value of $0.1073 and has seen a loss of more than 0.73% in the past 24 hours.  It has an ROI of more than 1282% which has differentiated it from other projects..

 Ziliqa is a high performance and decentralized blockchain with the capability  of  completing thousands of transactions per second .The token 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 can be mined in the 10 years time period. Zilliqa network is secured through PBFT consensus protocol which is highly efficient. One can invest in ZIL coin as per their risk adversity and price action.

ZIL Coin Price Technical Indicators Suggests A Downtrend In Future

The weekly technical chart of Zilliqa price highlights a downtrend in price for the future. In contrast the price is observing a strong bearish momentum on the daily chart. ZIL price may face resistance while going upwards near $0.2. The support in the price while going downside can be observed near $0.05.  ZIL coin price is currently trading  above 50 and 100 Daily Moving Average, with an upcoming positive crossover. The 100MA  line  of the coin is at $0.87 making it a temporary support zone 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 upside momentum can be seen. ZIL/BTC pair can also see a breakout from the previous resistance in the future

Conclusion

ZIL coin price has been very profitable in the past and can see the same high in future. Ziliqa price is currently in a downtrend and can soon see a new high. An Investor can do their due diligence before investing.

Technical Levels

Major Support:$0.04

Major Resistance:$0.2

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