ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15
• The short-term and medium-term outlook is in a downtrend.
• Selling opportunities at the broken demand area may be considered.
ZIL/USD Medium-term Trend: Bearish
Supply zone: $0.02500, $0.02600, $0.027000
Demand zone: $0.01000, $0.00500, $0.00300
ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant at$0.01550 pushed the coin further down. The cryptocurrency was initially down at $0.01316 and later $0.01210 in the demand area on 14th July. The pressure got stronger as the market opens today at $0.01223 with s drop to $0.01113 shortly after opening.
The two EMAs are fanned apart which suggest strength in the context of the trend as the journey down south continues. Price lies below the EMAs with the stochastic oscillator signal points up at 17% in the oversold region suggesting an upward movement.
Price may rally to the 10-EMA before a possible drop and continuation to $0.01050 in the demand area.
ZIL/USD short-term Trend: Bearish
The cryptocurrency is in a bearish trend in its short-term outlook. The break of $0.01250 in the demand area as the market opens today with a large bearish candle turned the area to a key support area.
ZILUSD plunges to $0.01111 in the supply area before momentum loss. The bullish rally pushed the coin back up at $0.01216 above the 10-EMA. The rally may be sustained to retest the key area before possible exhaustion in the short-term.
$0.01060 in the demand area is the bears' initial target as its journey down south.
Live Zilliqa (ZIL) Price:
1 ZIL/USD =$0.1001 change ~ -1.07%
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