- The ZIL coin price is in a downtrend, around 1.4%, during the intraday trading session.
- The 24-hour trading volume is at $70 million.
- ZIL/BTC pair is trading positive by 2.5% at 0.00000205 BTC.
Daily technical chart and price trend of ZIL coin are showing a bearish trend. Based on the pivot level, the first support zone is 0.850 USDT. From another perspective, if it rushes, the resistance level to watch is 0.100 USDT. Thus, the graph made a bearish harami candle pattern yesterday, and the cost is relied upon to remain downside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is below the red ribbon, so it will guarantee a downswing in Zilliqa until it’s below the ribbon.
Trading volume (30.35 M) is underneath the 20-day moving average (258.730 M). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Stochastic RSI (Bearish) with a value of K-46 D-31 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover in the index. It may remain in positive territory for future trading sessions.
ZIL Coin Price Action Frames a Bullish Sentiment
The price of Zilliqa today is $0.091118, and the 24-hour trading volume is $70,566,274. ZIL prices have fallen -1.4% in the last 24 hours. It has a circulation of 13 billion ZIL coins and a total of 21 billion. The Stochastic RSI points to a buying indication, and the traders have prompted low volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bullish for coming trading days.
Resistance Level: $3100
Support Level: $2300