The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home Cryptocurrency

ZILIQA Token price analysis: ZIL token price jumps off the bottom.

Ritika Sharma by Ritika Sharma
January 24, 2023
in Cryptocurrency, Market, News
0
ZILIQA Token price analysis
196
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
  • ZIL token price has been on an uptrend as the token price bounced off the demand zone.
  • ZIL token price is trading near the supply zone and as of now, it has started consolidating near it.
  • The pair of ZIL/BTC traded at the price of 0.000001210 with an increase of 1.69% in the last 24 hours.
Source: ZIL/USDT by tradingview

ZIL token price has been on an uptrend and in the past 24 hours, it has bounced off the demand zone. The token price is still hovering around the supply. Although it has formed a bearish rejection candlestick pattern on a daily time frame. It has formed an ascending triangle pattern on a daily time frame. 

ZIL token price is forming higher high and higher low formations on a daily time frame. The token price has given the breakout of every single small-term resistance and now it is trading at the supply zone. The ZIL token price is trading at the upper band of the Bollinger band indicator after bouncing off the lower band of the indicator. The ZIL token price has given a breakout of 14 SMA and 50 MA in the daily time frame. 

Related articles

TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

March 24, 2023
FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

March 23, 2023

Currently, it is resting at these Moving averages. The bullishness in the last 24 hours, the token price has given a break out of the 100 Moving Average. Therefore the token price can take support moving upside and then the token price can rise heavily. Volumes have decreased despite the bullish mess in the last 24 hours. Therefore investors should remain cautious and wait for a clear trend.

The ZIL token price is forming an ascending triangle pattern on the daily time frame

Source: ZIL/USDT by tradingview

Average Directional Movement Index: ADX curve has been dipping on a higher time frame as the token continues to fall. In a daily time frame, the ADX curve has dipped out of the 20 mark and has turned upwards. As the club price rests at the short-term demand zone on a 4-hour time frame. It is a positive sign for the token price. Investors should wait for a positive candle formation at the demand zone.

Relative Strength Index: RSI curve is trading at the level of 54.75. The RSI curve has crossed the halfway mark of 50. Once the token gives a breakout of an ascending triangle pattern on a daily time frame, the RSI curve can be seen moving up. The RSI curve has crossed the 14 EMA yellow line indicating a short-term bullishness.

Supertrend: Supertrend indicator is positive as the token price broke the important small-term supply zone on the daily timeframe. Since then the token price has failed to give a breakout of the supply zone in a larger time frame. As of now, the token price has broken the super trend sell line which has triggered a buy line.

Conclusion

ZIL token price has been hovering around the supply zone. The technical parameters suggest a bullish move in the upcoming days. The price action is also suggesting the same. It remains to see if the token price will break the ascending triangle pattern or fall heavily

Support: $0.022 and $0.019

Resistance: $0.028 and $0.031

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss. 

Tags: ZIL CryptoZILIQA TokenZILIQA Token price
Share78Tweet49
Ritika Sharma

Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Related Posts

TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

by Ritika Sharma
March 24, 2023
0

TON coin price has been on an uptrend for the past couple of days; the coin price has reached the...

FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

by Antonio K Smith
March 23, 2023
0

FET coin price is transacting at the long term supply zone after showing one side bullish rally.FET coin price is...

GPT

GPT Token Price Analysis: Token Shows One-Sided Move, What’s Next?

by Nancy J. Allen
March 23, 2023
0

GPT token price is bullish despite a temporary setback in the cryptocurrency market.The GPT token price is resting above the...

DOT Price Analysis

DOT Coin Price Analysis: Coin Price Retraces At the 0.5 FIB Level

by Antonio K Smith
March 22, 2023
0

DOT coin price has been falling from the past couple of trading days as it goes below the previous low.DOT...

APE Price Analysis

APE Coin Price Analysis: APE Coin Rests at $4.200 Level

by Antonio K Smith
March 22, 2023
0

APE coin price trades at the demand zone after facing bearish pressure from the falling trendline.APE coin price is forming...

Load More
  • Trending
  • Comments
  • Latest

Kadena price analysis: KDA coin is following the upwards trendline after forming the bullish pattern

February 9, 2022
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
cryptocurrency

AQUA Airdrop is set to Roll out!

January 7, 2022
MIOTA Price Analysis: IOTA Token Price Struggles To Sustains Higher Than $1 Mark

Firefly Wallet Powered by IOTA, Starts Staking on Shimmer and Assembly Tokens

December 23, 2021
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

March 24, 2023
FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

March 23, 2023
GPT

GPT Token Price Analysis: Token Shows One-Sided Move, What’s Next?

March 23, 2023
DOT Price Analysis

DOT Coin Price Analysis: Coin Price Retraces At the 0.5 FIB Level

March 22, 2023
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?