- The Zilliqa price closed the previous day’s close at $0.036 with a market capitalization of $484.64 million and a circulating supply of 13.22 billion ZIL
- The asset rebounds from the last point of defense after undergoing a significant drop during the latest price plunge
Zilliqa (ZIL) PRICE & Technical ANALYSIS
|ZIL Price Prediction for Today||$0.03711|
|14 Day RSI||35.44|
|Fear and Greed Index||28 (Fear)|
|Green Days||15/30 (50%)|
Zilliqa Technical Analysis for the Month
- Zilliqa price is trading at the lower support after experiencing a drastic fall in the last 24 hours
- Currently, the price is attempting to begin with a ‘u-shape- recovery, another retest of the lower support may be fast approaching before a rebound
- With a firm flip, the ZIL price is expected to head towards $0.03723 resistance and close the monthly trade with a small pull back from these levels
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
- Zilliqa & Aave are among the popular staking & yielding platforms in the crypto space in recent times
- Aave underwent a monstrous rally since the June lows while the ZIL price maintained a stagnant trend at the same time
- While the AAVE/USDT rose from -13% to as high as +82.46%, ZIL price surged from the same levels to hit +13.61% and dropped back to its initial position
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|
Zilliqa News Today
- Zilliqa price enters the gaming space and launches the first-person shooter game, WEB3WAR
- Binance Chain’s most popular game, Alien Worlds partnered with Zilliqa, introducing new in-game features and promote the Gaming industry
🚨PARTNERSHIP ALERT 🚨
Zilliqa is partnering with blockchain gaming giant @AlienWorlds !
Alien Worlds will integrate into Zilliqa’s blockchain via the Unity SDK, and give us greater visibility to blockchain gaming audiences everywhere.
— Zilliqa (@zilliqa) July 28, 2022