- Zilliqa price could be on the verge of a pullback towards $0.051.
- A significant indicator has presented a sell signal in the short-term for ZIL.
Zilliqa has been trading inside a robust uptrend on basically all time frames, but it might need to see a short-term correction before resuming the uptrend. The digital asset is one of the few that remains positive in the past 24 hours, while the market enters a consolidation period.
Zilliqa price might need to drop towards $0.051
On the 4-hour chart, the TD Sequential indicator has just presented a sell signal for the first time since December 19 which turned out to be quite accurate. If the call is confirmed, Zilliqa price could dive towards the 26-EMA support level at $0.051.
ZIL/USD 4-hour chart
Similarly, on the 3-hour chart, the TD Sequential indicator already presented the same sell signal and Zilliqa price just got rejected from $0.064 after a small attempt to resume the uptrend.
ZIL/USD 3-hour chart
Despite the sell signals, it’s important to remember that Zilliqa remains inside a robust uptrend and faces very little resistance to the upside. The next potential price target for the bulls would be the psychological level at $0.07 if the trend continues.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Litecoin Price Prediction: LTC tries to retake $100 resistance as miners halt sell-off
Litecoin price grazed 105 mark on Monday, rebounding 22% from the one-month low of $87 recorded during last week’s market crash. On-chain data shows sell pressure among LTC miners has subsided. Is the bottom in?
Bitcoin fails to recover as Metaplanet buys the dip
Bitcoin price struggles around $95,000 after erasing gains from Friday’s relief rally over the weekend. Bitcoin’s weekly price chart posts the first major decline since President-elect Donald Trump’s win in November.
SEC Commissioner Hester Pierce sheds light on Ethereum ETF staking under new administration
In a Friday interview with Coinage, SEC Commissioner Hester Peirce discussed her optimism about upcoming regulatory changes as the agency transitions to new leadership under President Trump’s pick for new Chair, Paul Atkins.
Bitcoin dives 3% from its recent all-time high, is this the cycle top?
Bitcoin investors panicked after the Fed's hawkish rate cut decision, hitting the market with high selling pressure. Bitcoin's four-year market cycle pattern indicates that the recent correction could be temporary.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.