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 =$0.1120 change ~ 3.90%
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