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- 1 ZIL price signifies buyer accumulation and sustained the 200 day EMA mark.
- 2 Technical indicators are suggesting a rebound ahead.
The ZIL price directs the underperformance and retested the 200 day EMA mark in the last trading sessions. However, the price action displays the buyer accumulation and the coin has decisively grabbed its grip around the $0.02600 mark. The trend is neutral and a roller coaster price movement was noted. Amidst the market correction, the token has corrected only by 20% and is signifying neutrality on the charts.
At press time, the Zilliqa coin (ZIL) price traded at $0.02656 with an intraday drop of 0.68%, reflecting neutrality on the charts. It has a monthly return ratio of -19.10% and -18.01% on a yearly basis. The pair of ZIL/BTC is at 0.000000399 BTC, and the market cap is $497.23 Million. Analysts are neutral and suggest that the ZIL coin price may retain strength and will cross the upside of $0.03000 soon.
ZIL Price Volume Profile Analysis On Daily Chart
Per the Santiment data, the ZIL crypto showcases a minimal correction over 20% in the last sessions and has retested the 200 day EMA mark. Furthermore, the buyers have started accumulating and are willing to stretch the pullback. Amidst the market bearishness, the ZIL coin sustained near the demand zone of $0.02500. The intraday trading volume jumped over 6.99% to $19.35 Million.
Price Volatility and Weighted Sentiment Outlook
Amidst the buyer accumulation this week, the price volatility curve noted a drop of over 33.90% to 0.0061 replicating low selling pressure. Similarly, the weighted sentiment data looks neutral and stayed near the midline around -0.30.
Social Dominance & X Followers Overview
On the daily charts, the social dominance data dropped over 4.40% to 0.009% displayed a negative outlook. However, X followers data looks positive and surged over 22.89% to 159.
Development Activity & Total Open Interest Insights
The development data witnessed a positive stance and surged over 1.67% to 49.71 mark. Similarly, the derivative data signifies long buildup, the open interest spiked over 2.51% to $13.52 Million in the last 24 hrs.
Per the Fib levels, the ZIL price has rebounded from its 23.6% zone and is trading near the lower bollinger band support zone. Similarly, the RSI curve stayed in the oversold region, and a positive crossover was noted on the charts.
The total supply of the ZIL crypto is 21 Billion, whereas the volume-to-market cap ratio is 0.0389, and it is ranked 148 in terms of market cap in the global crypto market.
Summary
The Zilliqa coin price held onto the 200 day EMA mark and showed bullish accumulation this week. Moreover, the coin has regained strength and buyers are willing to stretch the pullback and target to retain the $0.0300 mark soon.
Technical Levels
Support Levels: $0.02500 and $0.02300
Resistance Levels: $0.02800 and $0.03000
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.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
