LiveBitcoin Holds Near $84K as ETF Outflows Raise Rally Concerns: markets liveFollow the coverage →
Skip to content
Share
Cryptocurrency

Zilliqa Price Prediction: Will ZIL Break the $0.16 Support?

Follow The Market Periodical
Zilliqa Price Prediction: Will ZIL Break the $0.16 Support?
  • Zilliqa’s price has decreased by 37% in one year.
  • Zilliqa coin has a circulating supply of 15.8 Billion.
  • Zilliqa’s (: ZIL) live market cap is $256.4 Million.

Zilliqa (ZIL) coin is trading in a downward momentum. The price of ZIL is forming a lower-low pattern. The price of the ZIL coin is creating a strong bearish pattern.

Financial Data of Zilliqa (: ZIL)

The market capital of ZIL is $256.49 Million. Currently, the ZIL is trading at $0.016, with a fall of 0.45% on 6 September 2023. The coin has a total circulating supply of $15.8 Billion. 

The Open Interest of the Zilliqa coin is $10.19 Million. The OI of ZIL has declined by around 2.34% in the last 24 hours. This indicates that the sellers are active and making a fresh position. This might lead to a price decline.

The ZIL has an average trading volume of $5.6 Million. The fully diluted valuation of the ZIL is $341,688,360.

The coin has declined by over 93%, after hitting the high of $0.025.

The ZIL coin is ranked at #113 as per the market cap ranking. The coin has shown a decline of almost 55% since last year.

Zilliqa Price Prediction: Will ZIL Break the $0.16 Support?
Source: TradingView

As per the technical summary tool, the Zilliqa coin is indicating a sign of bearish momentum. Out of the total 26 indicators in a weekly timeframe, 15 are giving a sell signal and only 2 are giving a buy signal.

Zilliqa (ZIL) Technical Analysis

Zilliqa Price Prediction: Will ZIL Break the $0.16 Support?
Source: ZIL /USD.1D.BINANCE by Tradingview

The coin price of Zilliqa is currently trading above the 50-day and 100-day EMA levels. This is a negative sign for the coin. There is a high probability for the price to fall in the upcoming days.

The MACD line for ZIL is currently trading at 0.4 and the signal line is at 0.5. This shows that the Zilliqa coins’ MACD line is below the signal line. This is a negative signal. Thus, the ZIL coin price is likely to be high.

The RSI line for Zilliqa is currently declining after hitting the overbought region. RSI is currently at 30 regions and it is heading forward. This is a negative sign. The coin price is likely to fall in the future.

Conclusion 

The Zilliqa (ZIL) coin is trading in a downward direction. The technical summary is giving a bearish momentum. The indicators are also negative on the ZIL coin. Hence, a further fall in price is expected in the future.

Technical Levels

  • Support Level: $0.014
  • Resistance Level: $0.033
Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.

P
Written by
Cryptocurrency Writer

Pratik Chadhokar is a cryptocurrency and markets writer contributing to The Market Periodical. His coverage spans Bitcoin and Ethereum price analysis, staking, cross-chain tools and crypto regulation.

Press ReleaseBlockchainMining

About this article

PublishedSeptember 8, 2023 5:05 pm
Last updatedJanuary 16, 2025 5:41 pm
Written byPratik Chadhokar, Cryptocurrency Writer
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

More in Cryptocurrency

Advertisement Your banner here — reach 400K+ crypto, forex & stock investors Advertise → 728 × 90