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Zilliqa Price Analysis: ZIL Coin Bounces Off From The Long-Term Support

  • The Zilliqa coin price is positive, around 7.0% during intraday.
  • The 24-hour trading volume is at $68 million.
  • ZIL/BTC pair is trading positive by 2.0% at 0.00000167 BTC.

Zilliqa’s daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 0.06225 USDT. Another way to look at it is that if you rush, the resistance level to watch is 0.12350 USDT. Therefore, the chart created a bullish harami candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that costs are below the red band. This guarantees a plunge in Zilliqa until it is below the ribbon.

Trading volume (42.35 M) is below the 20-day moving average (211.150 M). The volume is low, so the cost is around the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.

The RSI indicator gave a signal (neutral) with 50, projecting a neutral signal in the currency. Investors can observe a flat slope. It can arise in future trading sessions.

Long-Term Perspective of Zilliqa Coin Price Trend

The weekly technical chart and price trend of Zilliqa coin show a bullish trend. Based on the pivot levels, the support zone is 0.04860 USDT. On the upside, if it breaks, the level of resistance to search is $0.22050. In addition, the chart shows the Heikin Ashi candles, which have huge upside potential in asset price movements.

The price of Zilliqa today is $0.096581 and the 24-hour trading volume is $68,967,747. ZIL prices have risen 7.0% in the last 24 hours. It has a circulation of 13 billion ZIL coins and a total of 21 billion. The RSI points to a neutral signal, and the traders have prompted low volume. In fact, the cost moves around the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $0.12350 & $0.22050

Support Level: $0.04860 & $0.06225

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.