- Zilliqa price is currently observing a strong consolidated momentum and can soon see a breakout in the future. Meanwhile, it is up by more than 2.5% in the intraday session.
- The technical indicators of ZIL suggest a strong upside momentum for the future . In contrast, the ZIL/BTC pair is also seeing strong momentum for the future
Why To Invest In ZIL Crypto?
ZIL crypto price is seeing a consolidated momentum but can soon see a strong upside momentum in the future. Zilliqa coin is trading near the value of $0.09827 and is trading with a gain of more than 3%. The asset has an ROI of 1218% and has benefitted various classes of investors in the past.
Zilliqa is a high-performance and decentralized blockchain with the capability of completing thousands of transactions in no time. The asset 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 asset was made with the purpose that the whole token can be mined within a period of 10 years. Zilliqa network is secured through PBFT consensus protocol which is very highly efficient. One can invest in ZIL as per their needs and risk adversity.
Bulls Of ZIL Crypto Bulls Are Ready To Push The Price For A New High
The weekly technical chart of Zilliqa price suggests a strong downside momentum for upcoming weeks. In contrast, the asset price is down by more than 4% in the weekly time frame. ZIL price while seeing an upside momentum might face hostility near $0.5. The support price in the asset while going down can be seen near $0.05. ZIL coin price is currently trading below 50 and above 100 Daily Moving Average, with an upcoming negative crossover. The 100MA line of the coin is at $0.09 making it a temporary bounceback region for the price. The coin has formed a strong supply zone in the chart. If the price jumps above the $0.2 mark then a strong upside momentum can be seen. ZIL/BTC pair can also see a strong upside momentum in the future.
Conclusion
ZIL coin price is observing an upside momentum and can soon see a new high in the future. ZIL/BTC pair can also observe a strong upside momentum and can soon see a new high. An Investor can do their due diligence before investing.
Technical Levels
Major Support:$0.5
Major Resistance:$0.09