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- 1 ZIL crypto price decreased by 5.65% over the past seven days.
- 2 ZIL crypto price is currently trading at $0.01622264 with a drop of 0.18% in the last 24 hours.
- 3 Zilliqa has a current market cap of $257.416 Million.
ZIL crypto price is trading in the firm grasp of bears. Currently, ZILUSD is trading below the 50 and 200-day EMAs, showing bearishness on the charts. Moreover, the intraday trading volume also showed an rise of 13.34%. The volume is $9,011,481. However, the market cap is $258,701,360, which increased by 0.96%.
ZIL Crypto has had a very bad performance over the year. Year-to-date it gave nominal returns of 3.77% and negative return of -26.42% in the span of 6 months. In the last 1 month, it gave a negative return of -18.85% and -4.22% in the last seven days, highlighting the prolonged bearish trend.
Technical Analysis of ZIL Crypto Price in 1-D Timeframe
Zilliqa (USD: ZIL) crypto price shed steadily over the past three months, losing 20.88%. At the time of writing, Zilliqa crypto was trading at $0.01622264 and has been trying to hold on to this level after a pullback.
If it can maintain at this level and reverse back, then ZIL crypto price could go up and reach the first and second targets of $0.01763430 and $0.01983477, respectively. However, if Zilliqa price fails to maintain this level, then it might hit the closest support levels of $0.01388514 and $0.01168467. At the time of publishing, Zilliqa (USD: ZIL) is trading below the 50 and 200-day SMAs (Simple moving averages), which do not support the price trend.
However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the Zilliqa price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 40 points. The 14 SMA is above the median line at 34 points which indicates that the ZIL crypto is bearish. The MACD line at -0.00072282 and the signal line at -0.00003921 are below the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the Zilliqa crypto price.
Summary
Zilliqa (USD: ZIL) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the Zilliqa crypto price. ZIL Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
- Support Levels: $0.01388514 and $0.01168467
- Resistance Levels: $0.01388514 and $0.01168467
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involve risk. Please assess your situation and risk tolerance before making any investment decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
