- The US dollar still outweighs the market valuation of ZILLIQA.
- The ZIL/USD market bulls appear to have built their foundation around $0.009 and $0.008 price levels.
ZIL/USD Medium-term Trend – Bearish
- Resistance levels: $0.014, $0.016, $0.018
- Support levels: $0.006, $0.004, $0.002
The US dollar in its consolidation pushing efforts still notably outweighs the market valuation of ZILLIQA over time in the medium-term run. The downward pressures have been occurring on a lighter mote around the trend-line of the Bollinger Lower Band lately. Presently, the market has a bit moved towards the Bollinger Middle Band to trade around it.
The 50-day SMA trading indicator is situated over the Bollinger Bands. And, they all briefly point to the south to indicate that market depressions are not over yet. The Stochastic Oscillators have slantingly headed northward towards range 80.
The crypto’s price may experience a line of consolidation price movements around $0.012 mark. After a while, price action will take it to turn to determine a definite market’s direction. And, that is expected to be in favor of the bears on a short-live note.
ZIL/USD Short-term Trend – Ranging
There have been nascent range price moves in the short-term run of ZIL/USD market today. The choppy moves of the crypto-market have been featuring around $0.011 and $0.01 price levels. During the trading operations of yesterday, the pair tended slowly towards the north from a low point around the trend-line of the Bollinger Lower Band.
The 50-day SMA and the Bollinger Lower Band are a bit over $0.01 mark. The stochastic Oscillators have crossed the hairs past range 60. And, they now point to the north below range 80.
The short-term ranging trend settings support that the bulls are strongly mustering energy in this crypto-trade. And, they appear to have built their foundation around $0.009 and $0.008 price levels.
Live Zilliqa (ZIL) Price:
1 ZIL/USD =$0.0155 change ~ -7.68%
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