- Derivative volume for Zilliqa has declined by -58.82% resulting in $32.71M.
- Zilliqa has a market cap rank of #110 as per Coingecko.
The Zilliqa was develop by a few students of the National University of Singapore School of Computing. Zilliqa is a layer 1 category smart contract platform. It was launched on 31st January 2019 following POS consensus mechanism.
The market cap of the ZIL coin is 254.529M USD trading with a fully diluted market cap of 336.854M USD and the trading volume of the crypto in the last 24 hours is 16.08M USD. The volume/market cap ratio for the crypto is 0.0633 and has a max supply of 21B ZIL.
The current market cap dominance of the ZIL coin is 0.025% and the crypto hit its all-time high price on May 06, 2021, resulting in $0.255376 currently the coin is trading at 570.50% above its all-time low price. The traders are bullish on the crypto as more than 85% of the traders have voted positive for the crypto as per Coingecko.
ZIL Price Technical Analysis
The price of the Zilliqa Crypto has been consistently declining from the higher levels following a declining wedge pattern and the coin is still trading inside the same pattern following a downtrend in charts.
The crypto is declining from the higher levels trading below the 50-day and the 200-day Exponential moving average, this indicates the presence of sellers in the market which can drag the price to lower levels.
The value of the RSI for the Zilliqa crypto is trading at 43.05 declining from the higher levels. This indicates a presence of sellers in the market and the price of the crypto can drag down unless the RSI crosses above the 50-level and hits the overbought zones.
ZIL Overview Analysis
Based upon the data provided by CryptoCompare. There is no significant activity in the network growth or social media handle of the crypto. And also there have been no large transactions made for the crypto.
Conclusion
The Zilliqa coin is trading in a downtrend following a falling wedge pattern. And indicators like RSI and EMA are also acting bearish for the crypto. And there has been no significant volume activity in recent times. Therefore the price of the crypot is expect to decline or stay volatile unless it breaks above the level of $0.2519.
Technical Levels
- Support Level: $0.0098 and $0.0136
- Resistance Level: $0.0351 and $0.0488
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only. And do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
