- The Zilliqa (ZIL) price closed the previous day’s trade at $0.02287 with a market capitalization of $302.6 million and a circulating supply of 13.6 billion ZIL.
- Zilliqa price has been heavily consolidating within some levels which may lead to a notable breakout after undergoing extreme pressure.
Zilliqa (ZIL) PRICE & Technical Analysis
|ZIL Price Prediction for Today||$0.023|
|14 Day RSI||45.08|
|Fear and Greed Index||27 (Fear)|
|Green Days||15/30 (50%)|
Zilliqa Technical Analysis for the Month
- The recent market crypto market crash compelled the price to drop by more than 35%, followed by which the token consolidated within a pennant, forming a bear flag.
- By maintaining a similar consolidation, the ZIL price could reach the pinnacle and determine the next course of action depending on the volume induced.
- Meanwhile, significant bullish pressure has been accumulated which may keep up the possibility of a bullish reversal ahead.
- If in case, the price loses the support levels, a drop towards $0.016 initially may be in-line, followed by a test of lower support at $0.0148 and at $0.01313.
- However, the bulls are expected to enter any time and uplift the price beyond the immediate resistance at $0.24 and further at $0.033.
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Zilliqa Technical Analysis at a Glance
Zilliqa has ignited the second phase of bull run, earlier in March, just before the unfamous market crash in May. Since then the volumes have spiked enormously but failed to uplift the price beyond the bearish captivity. The ZIL price quickly lost all the profit gained during the upswing and crashed below its initial levels.
Presently, the token is hovering along the levels it did at a couple of years ago in November 2020. Hence, the possibility of a bullish breakout appears pretty high that may erupt in the coming years ahead.
|Short Term||The ZIL price is hovering along the average zones and hence is believed to follow the direction of the volume-induced|
|Mid-Term||The token is attempting to sustain within a notable upswing but the slashed buying pressure is expected to keep the prices within consolidated range|
|Long-Term||No active participation of buyers or seller is witnessed, hence the price trend could remain within a very narrow range for long|
Will ZIL Price Reach $0.025 Today?
After the steep downfall in Novemeber, the ZIL price maintained a consolidated trend. Meanwhile, the price began with a notable upswing in the past couple of days, hinting toward the possible upswing. The ZIL price witnessed a massive downfall by more than 8% recently to mark lows around $0.021. Since then the price maintianed a notable upswing but the price faced a minor rejection during the early trading hours.
Despite the price drop, the ZIL price continues to remain bullish for the next few hours with diminished volatility. The price could rise beyond $0.023 just before the end of the day’s trade and later may face a minor rejection. Hence, by the end of the day’s trade, the price could be trading around $0.02278 to $0.0231.
Will ZIL Price Reach $0.035 by the End of the Month?
Zilliqa price has been incremental ever since the market collapsed in the first week of November. The bulls continue to remain aloof as the token failed to rise high rather maintained an ascending consolidation. Moreover, the indciators like RSI, MACD, are neutral in the short-term indicating the token to remain passive for the next few days.
Meanwhile, the price is testing the pivotal 50-day MA levels in the 4hr time frame. Hence a rebound from these levels could lay down a significant upswing beyond the decisive pattern formed. The price is excepted to reach the peak of the consolidation in the first few days of December 2022 and may break above the consolidation.
Hence the Zilliqa price prediction for december 2022 is around $0.03 to $0.033.
Zilliqa Price Prediction: Price Trend Comparison with Dogecoin(DOGE)
- Zilliqa and Dogecoin are among the popular cryptos having strong fundamentals and community.
- Zilliqa price maintained a stagnant trend compared to that of Dogecoin which possessed huge volatility since the beginning of November.
- ZIL/USDT price hovered between -32% & -22% for more than a fortnight after it dropped from +9.27% and currently trading at -25.78%.
- Besides, DOGE/USDT price raised remarkably to reach +91.87% and dropped back to the average levels and trading at +36.16% at the moment.
Read more: Dogecoin Price Prediction
Zilliqa Price Prediction: 2022, 2023, 2024, 2025
The ZIL price has been trading flat ever since it dropped from its 2022 highs. The price has been under an extreme bearish influence for quite a long time which is expected to remain until the end of the year. Moreover, the token is also believed to mark new lows before the end of 2022 which may further trigger a significant upswing later.
In the coming years, the ZIL price may primarily focus on regaining the lost levels close to its ATH and eventually form a new one thereafter. Meanwhile, the bears could continue to mount pressure over the price but the bulls could have accumulated enough strength to withstand the bearish action and propel high thereon.
|Year||ZIL Price Forecast|
|2022||$0.04 to $0.045|
|2023||$0.098 to $0.15|
|2024||$0.2 to $0.35|
|2025||$0.55 to $0.65|
Zilliqa News Today
- Zilliqa recently announces upgraded Web3 based gaming console, Web3War with new upgraded features
The latest update for #WEB3WAR is out now!
— Zilliqa Gaming (@zilliqa_gaming) November 18, 2022
- The Zilliqa ecosystem recently released a new version 1.3.3 where-in one can now track the balance of the account
— ZilPay (@pay_zil) November 18, 2022