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The Bullish Outlook for Zilliqa! ZIL Price Is Poised to Hit New ATH


    ZIL Price is clearly in the bullish territory as it inches closer to $0.1

    The amount of ZIL locked in staking is now 29.89% of the circulating supply at 4.2B Zilliqa

    Zilliqa’s google search volume has increased

Zilliqa has grown massively in recent weeks. ZIL Price surged around 500% since the beginning of November and hasn’t shown many bearish signs just yet.

However, some technicals are suggesting that the digital asset might be poised for a significant correction in the short-term. The digital asset has been trading inside a robust uptrend hitting new highs almost every day.

ZIL Price Analysis 

At press time, Zilliqa is trading at $0.085802 with a 24-hour trading volume of $458,160,150 USD. ZIL price is up 0.84% in the last 24 hours. The current CoinMarketCap ranking is #33, with a market cap of $925,991,498 USD.

ZIL price chart today

As per the chart and the weekly chart, it seems that the TD Sequential indicator is on the verge of showing a sell signal on the daily. The indicator has presented a green ‘8’ candle on both charts which are usually followed by a green ‘9’ sell signal. If both are confirmed, they can push the ZIL price down to $0.06, the 12-EMA on the daily chart.

Also Read : Zilliqa Price Analysis – ZIL Price Poised to Hit $1 in 2021

According to analysts, Zilliqa’s price has doubled in less than thirty days, and the near-term target is set to surpass $1 in the first half of 2021.

Zilliqa Is All Set to Hit New ATH

The most followed crypto strategist with Twitter handle @CryptoMichNL is keeping a close watch on Zilliqa. Looking at ZIL, the trader says he’s waiting for a pullback before it skyrockets above $0.23 and records a new all-time high (ATH).

“Zilliqa reached the second target zone for this impulse wave. A run of 300%+ and a very bullish outlook for this one for 2021. Points of interest: $0.035 and $0.048. The next impulse wave will most likely bring a new ATH for this one.”

Google Search Volume for Zilliqa Surges

Zilliqa google trends

Zilliqa’s google search volume has seen a huge spike in December reaching levels that was last seen in June of this year when it hit $0.030 after staking went live on the mainnet. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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