ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 17
• The short-term and medium-term outlook is a downtrend.
• Responsible selling at pullback may be considered.
ZIL/USD Medium-term Trend: Bearish
Supply zone: $0.02500, $0.02600, $0.027000
Demand zone: $0.008000, $0.00600, $0.004000
ZILUSD continues in a downtrend in the medium-term. The target at $0.01050 in the demand area was attained by the bears as the journey down south continues. $0.009562 was the low during yesterday session.
The bears sustained the momentum as the market opens today on a bearish note at $0.009804 with a pushed of the coin down at $0.008495.
The formation of pinbar at the demand area suggests a reversal in trend with the bulls staging a comeback. The coin rose to $0.01036 near the 10-EMA, forming an expanding triangle in the medium-term.
The two EMAs are fanned apart which suggest strength in the downtrend while the stochastic oscillator signal points up at 30% an indication of a rally within the triangle before exhaustion that may return the bears for downward continuation to $0.00800 in the demand area.
ZIL/USD short-term Trend: Bullish
The cryptocurrency is in a bullish trend in its short-term outlook. Today’s opening candle at $0.01250 sustained the bearish momentum with a further drop in price to $0.08498 in the demand area before momentum loss.
The bulls are currently in control of the market with the break at the resistance around the 10-EMA. The rally may push the coin up to $0.01050 in the supply area which is the 61.8 a trend reversal area. The 50-EMA a strong resistance is around this supply area. Hence the bear may stage a retuned and resume the downtrend.
$0.00900 in the demand area is the bears' initial target as its journey down south.
Live Zilliqa (ZIL) Price:
1 ZIL/USD =$0.1138 change ~ 7.56%
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