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Zilliqa Price Prediction: Bulls Are Well-Positioned, This is When ZIL Price May Rebound!

Zilliqa(ZIL) Price Prediction

Key Takeaways:

Zilliqa (ZIL) PRICE & Technical ANALYSIS 

Current Price $0.03641
ZIL Price Prediction for Today $0.03711
Volatility  7.86%
50-Day SMA $0.0411
14 Day RSI 35.44
Sentiment Bearish
Fear and Greed Index 28 (Fear)
Green Days 15/30 (50%)
200-Day SMA $0.0585

Zilliqa Technical Analysis for the Month

Source: Tradingview

Zilliqa Technical Analysis at a Glance

Zilliqa price was on its way to reach the highs and form a new ATH, a couple of months before. But a strong bearish impact dragged the price down by more than 80% and is consolidating within a narrow range since the May 2022 crash. 

The asset is displaying no significant possibility of rebounding from the current bearish trend. Hence until the end of Q3, the asset may continue to hover at the same levels.

Short-Term The Zilliqa price appears may continue with a descending consolidation including a couple of bounces for another couple of days
Mid-Term The volume since the May crash has dropped significantly and hence the sideway trend may be prolonged ahead
Long-Term The ZIl price is flashing the possibility of a rebound from the bearish trap and set-up a notable upswing ahead

Additional Read: 8 Cryptos with Low Transaction Fees

Will ZIL Price Reach $0.038 Today?

Zilliqa’s price recently tested the upper resistance at $0.041, after clearing the resistance at $0.037. However, after the price collapsed heavily, the asset lost more than 14% slicing through the support. Currently, the ZIL price is facing equal participation of bulls and bears, yet the technicals are pointing towards an uptrend until the day’s close. 

After the latest drop, the ZIL price is currently consolidating between $0.035 & $0.036 at the moment. The asset in the coming hours may try hard to breach through the upper resistance and test the next barrier at $0.037. However, the price after reaching these levels may face rejection and close the day’s trade around these levels.

Will ZIL Price Reach $0.041 by the End of the Month?

The ZIl price was closer to surpassing the $0.05 levels in the first few days of August. However, the price drain that began with rejection at $0.0495, dragged the price to hit the lows at $0.0355. Currently, the price is attempting very hard to rebound, but the bears are constantly challenging the attempt. 

ZIL’s price may utilize all its resources to rise above $0.05 quickly. However, to reach these levels, it to clear a couple of barriers at $0.041 & $0.048. Hence by the end of the monthly trade, the ZIL price is expected to hover between $0.038 to $0.040 but may not reach the $0.041 mark.

Zilliqa Price Prediction: Price Trend Comparison with Aave

Source: Tradingview

Zilliqa Price Prediction: 2022, 2023, 2024, 2025

ZIL is a fundamentally strong token as the ecosystem aims to empower the decentralized space. No doubt the current trend & sentiments are pretty bearish but the upcoming days may record notable bullish actions ahead. As the rally is heading towards the end of 2022, the ZIL price is expected to gear up. 

In the coming years, the ZIL price is expected to regain its highest level first and later continue forming new highs. However, reaching $1 is still a very tedious job and hence appears to be pretty distinct. 

Year ZIL Price Forecast
2022 $0.051 to $0.056
2023 $0.089 to $0.104
2024 $0.15 to $0.19
2025 $0.18 to $0.22

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