24 September 2023 : In this article we will walk you through Zilliqa price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Zilliqa, Is ZIL a good investment? Zilliqa support & resistance levels etc. But before diving deep into the ZIL technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,055,081,296,826. The total trading volume stands at $14,650,607,319. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,601.59 level after an upward movement of 0.05%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.04 percent reaching to $1,594.32 during the previous 24 hours.
While publishing this blog, BNB traded at $210.89, following a price change of -0.03%within the same time frame. XRP the native coin of XRP is down by -0.24 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Zilliqa (ZIL)
|ZIL Resistance Levels||ZIL Support Levels|
|Resistance Level 1||$0.032||Support Level 1||$0.029|
|Resistance Level 2||$0.033||Support Level 2||$0.027|
|Resistance Level 3||$0.035||Support Level 3||$0.025|
The price of Zilliqa (ZIL) is at $0.017, down -1.77% in the past 24-hours and has a price change of 4.38% over the week. One day trading volume for BTC is 10,690,974.00 USD while total marketcap reached $272,221,284.00 USD. There are almost 15,867,699,447 are in circulation out of 18101544627.
ZIL price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Zilliqa.
|Simple Moving Average (10)||0.031||Sell|
|Exponential Moving Average (10)||0.031||Sell|
|Simple Moving Average (20)||0.031||Sell|
|Exponential Moving Average (20)||0.031||Sell|
|Simple Moving Average (50)||0.033||Sell|
|Exponential Moving Average (50)||0.033||Sell|
While ZIL’s Williams %R indicator is at -31.828 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The Zilliqa has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take ZIL price below the crucial support level of $0.029. The relative Strength Index (RSI) indicates that the ZIL coin is in consolidation zone, as RSI is at 45. The ZIL/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market.
Zilliqa has few recovery chances and might continue testing immediate resistance level of $0.032 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep ZIL investors hopeful.