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Zilliqa(ZIL) Technical Analysis: ZIL Price in a Misty Phase, Yet Aim to Jump 10%

Zilliqa(ZIL) Price Prediction

Key Takeaways

Zilliqa(ZIL) Technical-Analysis for Today: 11 March 2022

ZIL price despite following a descending trend since the beginning of the month has maintained decent volatility. Moreover, the volume currently is a little higher than before, and hence a significant price movement regardless of the direction may be presumed. Yet in the short-term, the asset is primed to close the day’s trade on a bullish note.

The immediate resistance is a little distinct from the current levels and hence it failed to achieve, yet the path may be laid. And hence including a couple of pullbacks or minor corrections, the ZIL price may eventually smash the resistance to secure with the uptrend. 

Zilliqa(ZIL) Technical Analysis at a Glance

Zilliqa’s price recently rejected visiting lower support beyond $0.0366 by rebounding strongly. However, after a significant jump a couple of days before, the asset is swinging within a parallel channel. Currently, the price seems to be poised to maintain a strong uptrend and hence refuses to launch towards the south.

Short-Term The asset is utilizing all its resources to sustain above the day’s average while facing a tough challenge from the bears frequently. 
Mid-Term The ZIL has rallied strongly in the past couple of days and may experience exhaustion soon that may drag the price a little lower
Long-Term Price has rebounded firmly after the February lows but is unable to maintain a strong uptrend. Hence the trend is not completely bearish but not bullish as well

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 50.41 / 46.46 Neutral / Neutral
MACD(12,26) 0.0 / -0.001 Neutral / Sell
Average Directional Index(ADX) 15.9 / 25.9 Neutral / Buy
Bull-Bear Power 0.0005 / 0.0005 Buy / Buy

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $0.041 $0.045
Moving Average(MA)-200 $0.0400 $0.078
Resistance $0.0429 $0.089
Support $0.0400 $0.035


Oscillators Short-Term Long-Term
Stochastic Oscillator 48.88 41.97
Ultimate Oscillator 65.73 54.91
Average True Range(ATR) 0.0008 0.0031
CCI -43.03 27.35

The current bearish trend in the market has capitulated the ZIL price which also showcases the possibility to test lower support. However, the current levels are very close to 50-day & 200-day MA levels. And surpassing these levels may validate the uptrend. On the other hand, the rally’s strength is coiling up, and being less volatile one can expect a slow yet steady uptrend in the next couple of hours. 

Additional Read: Top Crypto News Today, 11 March 2022

ZIL /USDT Technical-Analysis for Short-Term

Source: Tradingview

ZIL/USDT Technical Analysis for Long-Term

Source: Tradingview

Additional Read: Zilliqa Price Prediction

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