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%

Coin Market Cap

$1.25 Billion

24 Hour Volume

$66.64 Million

24 Hour VWAP

$0

24 Hour Change

$0.01

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide