- The Zilliqa price closed the previous day’s trade at $0.02979 with a market capitalization of $405.96 million and a circulating supply of 13.46 billion ZIL
- The ZIL price has been compressed under huge bearish pressure and hence expected to break above the consolidation any time from now
- With a breakout, the price is expected to lay down a significant upswing to reach the target close to $1 in the coming days
Zilliqa (ZIL) Price Prediction Today
|ZIL Price Prediction for Today||$0.029668|
|14 Day RSI||45.10|
|Fear and Greed Index||30 (Fear)|
Zilliqa Technical Analysis for the Month
- Zilliqa’s price has been falling since it was rejected near $0.05, seemingly unaffected by changing market sentiments.
- The price appears to have reached the apex of the descending consolidation with what appears to be a bullish falling wedge, implying that a breakout is imminent.
- If the price breaks out, it may attempt to reach the initial resistance zone at $0.04, slicing through the $0.033 pivotal levels.
- Otherwise, if the descending consolidation continues, the ZIL price may fall below $0.025 for the first time in two years.
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Zilliqa On Chain Analysis
- The price maintained a descending trend, meanwhile, the supply on exchanges has maintained an incremental trend. Therefore, the exchanges appear to have enough liquidity to carry out buying or selling of the tokens.
- The volatility of the token has dropped heavily which has compelled the price to maintain a narrow trend for a long time
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Will ZIL Price Reach $0.031 Today?
By slicing through the immediate resistance, the Zilliqa price attempted to close the previous day’s trade on a bullish note. Regrettably, the token received a significant rejection, causing the price to fall below $0.030. Meanwhile, selling pressure appears to have subsided to some extent, suggesting that a significant short-term rebound is on the way.
The RSI has significantly recovered from the lows, so the ZIL price is expected to rise slightly. The MACD, on the other hand, is about to flash bullish signals due to a decrease in selling pressure, which may push the price higher. As a result, the Zilliqa price prediction for today could range between $0.0305 and $0.0312.
Will ZIL Price Reach $0.05 by the End of October 2022?
During the first week of the month, the ZIL price remained largely unchanged. Later, the volatility of the token increased in tandem with the volume, which influenced price movements. The price fell significantly from $0.031, igniting a significant bearish trend that may drag the price lower to around $0.0285.
Furthermore, the daily RSI, which is currently hovering below average levels, may spike after a couple of failed attempts. As a result, if significant buying volume is influx with a slight change in market sentiments, a significant upswing may be expected. Hence, the Zilliqa price prediction for the week is around $0.032 while for the month is $0.035 to $0.037.
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Zilliqa Price Prediction 2025-2030
Since the price dropped from the high of around $0.22, which was later fueled by multiple factors within the crypto space, Zilliqa has heavily plateaued. Currently, the price has dropped significantly and reached the lowest possible support levels, from which a rebound appears to be imminent. With a rebound, the ZIL price may try hard to end the year on a positive note and establish an ascending trend in the coming years.
Therefore, the Zilliqa price prediction for 2025 could be close to $0.5 while for 2030 could be close to $1
|Year||ZIL Price Forecast|
|2022||$0.04 to $0.045|
|2023||$0.105 to $0.125|
|2024||$0.15 to $0.23|
|2025||$0.45 to $0.51|
Zilliqa News Today
- Zilliqa price recently announced its gaming console, of which the beta version is expected to be released before the end of 2022. The console will be ready for pre-order in the second quarter of 2023
— Zilliqa (@zilliqa) October 21, 2022