Zilliqa Price Analysis: ZIL Crypto Price Is Ready To See A Breakout For A New High

• Zilliqa price is currently seeing a weak recovery on the daily chart and can soon see a new high in future. Meanwhile it is up by more than 0.8% in the intraday session.
• ZIL coin price technical indicators suggest a consolidated momentum in price . In contrast, ZIL/BTC pair has also seen a drop of more than 1.41% in the past 24 hours.

Why To Invest In ZIL Crypto?

ZIL crypto price is currently seeing a consolidated momentum and can soon test the support of $0.8. Ziliqa coin price has seen a loss of more than 0.82% and is trading near the value of $0.08.  The asset has an ROI of 1218% which has benefitted various class of investors.

 Ziliqa is a high performance and decentralized blockchain with the capability  of  completing thousands of transactions within seconds. It has a maximum supply of 21 billion tokens. It was first made as a sale for Erc-20 token as a part of their token generation in JAN 2018. It is made in such a way that the whole token can be mined within a 10 years period . Zilliqa network is secured through PBFT consensus protocol which has proved itself to be highly efficient.  One can invest in ZIL coin as per their needs and risk adversity.

Technical Indicators Of ZIL Suggests A Strong Upside Momentum

The weekly technical chart of Zilliqa price suggests a strong downside momentum for upcoming weeks. In contrast the price is observing a strong downside momentum in the daily chart. ZIL price while going upwards may face a resistance near the value of $0.1. The support price in the downside momentum can be seen near $0.05. ZIL coin price is currently trading  below 50 and 100 Daily Moving Average, with an upcoming positive crossover. The 100MA  line  of the coin is at $0.095 making it a temporary resistance zone for the price . The coin has formed a supply zone on the daily chart. If the price goes above the supply zone then a strong upside momentum can be seen. ZIL/BTC pair can also observe a new high being formed in the future

Conclusion

ZIL coin price is currently seeing an upside correction on the daily chart and can soon see a new high. ZIL/BTC pair can also see new highs being formed in the future. An Investor can do their due diligence before investing.

Technical Levels

Major Support:$0.04

Major Resistance:$0.2

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction