ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 3


• The medium-term is in a downtrend while the short-term outlook is in a range-bound market.
• Patience is required for trading the consolidation.

ZIL/USD Medium-term Trend: Bearish

Supply zone: $0.02500, $0.02600, $0.027000
Demand zone: $0.01200, $0.01100, $0.01000

ZILUSD remains is in a bearish trend in the medium-term. The bears manage a drop in price to $0.01497 in the demand area as the pressure gradually weakened during yesterday session.

The wicks in the area imply bearish rejection and exhaustion while the bulls took control of the market. ZILUSD rose $0.01699 in the supply area before the end of the session.

Today’s 4-hour opening candle at $0.01646 closed as a bearish doji around the trendline. Wicks in the candles around the trendline is an indication of exhaustion and a bounce to the downside by the bears is imminent.

$0.01400 in the demand area is still on the card as the bearish momentum increased in the medium-term

ZIL/USD short-term Trend: Ranging

The cryptocurrency continues in a range-bound market in its short-term outlook. The lower range at $0.01550 was broken and price drops to $0.01537 before the bears lost momentum when the candle closed within the range during yesterday. ZILUSD rose to $0.01637 before the end of yesterday session as the bulls made a gradual return.

Price is hovering within the two EMAs while the signal of the stochastic oscillator is parallel at 62% an indication of a continued ranging scenario in the short-term

ZILUSD is in consolidation and trading between $0.01850 in the upper supply area and at $0.01550 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Live Zilliqa (ZIL) Price:

1 ZIL/USD =$0.2197 change ~ -0.53%

Coin Market Cap

$2.48 Billion

24 Hour Volume

$151.19 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

 

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