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Zilliqa Price Must Conquer This Level To Hit New ATH, What’s Next For ZIL Price

21 Apr, 20222 min readOther
Zilliqa Price Must Conquer This Level To Hit New ATH, What’s Next For ZIL Price

Since the start of 2022, the altcoin, Zilliqa, has been trading downward. When looking at its December highs, Zilliqa has lost around 60% declining towards its 14-month low on February 24th.

Once the upcoming metaverse project’s announcement was made, Zilliqa (ZIL) witnessed a bull run. Today, at the time of reporting, ZIL Price is trading at $0.1326 with a surge of 11.97% over the last 24hrs.

Zilliqa Flashes A Buy Signal

After surging 540%, the Zilliqa price saw tumbling down by 56% in just a week. The 540% surge had pushed ZIL price from $0.030 to an all-time high at $0.256. Notwithstanding this bull run, the altcoin dropped from an all-time high of $0.256 to the $0.100 range and the reason being investors booking profit and the Cryptocurrency market turning bearish.

Zilliqa price’s main support level stood at $0.120 and when the ZIL price couldn’t maintain this and plunge below this support zone, there was a selling pressure. After the Zilliqa price declined to $0.100 on April 18, the currency’s price rallied 31% and is now fluttering around $0.131.

Furthermore, in the coming days, the investors can expect a 36% rally which will retest the first resistance barrier at $0.179. If the bulls successfully clear this barrier, Zilliqa’s price will make a move towards its all-time high at $0.256. This move towards $0.256 will account for a massive surge of around 91%.

On the other hand, if Zilliqa price decides to close the daily candlestick below $0.097 will reverse the bullish move for the altcoin as this would attract bearish lows.

Also, this move will invade a move that will be more favorable to bearish roar, and in some cases, the bears could even aim at a 40% crash to $0.059.

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