Zilliqa is a blockchain platform that offers high throughput and low latency. The project has been making waves since its ICO in 2017, and the price of ZIL has increased by more than 3,000% as of this writing. Will ZIL reach $1 soon?
Zilliqa is a cryptocurrency that was created in November 2017. The price of ZIL has been increasing steadily since then and the currency is expected to hit $1 soon. Read more in detail here: zilliqa price prediction 2025.
- The range of bullish ZIL price predictions is $0.15 to $0.25.
- The price of ZIL may potentially approach $1 in the near future.
- For the year 2021, the pessimistic market price forecast for ZIL is $0.068.
We utilize data, price trends, RSI, and other information about ZIL to evaluate the cryptocurrency’s future movement in Zilliqa (ZIL) price forecast 2021.
Zilliqa is a permissionless, public blockchain designed for high throughput, with the ability to complete thousands of transactions per second. Furthermore, it proposes sharding as a second-layer scaling approach to address the problem of blockchain performance and scalability. It is also home to a slew of decentralized applications, and it will support staking and yield farming as of October 2020.
Current Market Situation for Zilliqa (ZIL)
At the time of writing, the Zilliqa price was $0.104, with a 24-hour trading volume of $183,664,830, according to CoinGecko. ZIL, on the other hand, has dropped 15% in the past 24 hours.
At the moment, ZIL is ranked 66th on CoinGecko. Furthermore, ZIL has a circulating supply of 11.36 billion coins and a maximum supply of 21 million coins. ZIL is currently traded on Binance, Huobi Global, OKEx, FTX, and Upbit, among other cryptocurrency exchanges.
Price Prediction for Zilliqa ZIL in 2021
Zilliqa’s Falling Wedge pattern may be seen in the daily time frame chart below (ZIL). In addition, the Falling Wedge is a bullish pattern that begins broad at the top and narrows as prices fall. However, when the trend highs and lows converge, this price action creates a cone that goes downward.
This indicates that the ZIL price will rise much higher in the coming future, surpassing its all-time high. This is due to the massive trade volume that occurred during that time period.
Chart of the ZIL/USDT Exchange Rate (Source: TradingView)
- $0.15 is the first level of resistance.
- $0.25 is the next level of resistance.
- Level 1 Support – $0.099
- Level 2 Support – $0.068
The graph above illustrates how well ZIL has fared in the last month. Furthermore, the ZIL price has increased by more than 74 percent in the past 30 days. If the current trend continues, ZIL may follow the bulls, breaking over the $0.25 resistance level and climbing higher.
In the event that investors turn against cryptocurrency, the bears may seize control and dethrone ZIL from its rising position. In layman’s words, the price of ZIL may drop to almost $0.068, indicating a negative indication.
Meanwhile, we have a positive long-term ZIL price forecast for 2021. It has a good chance of breaking through its current all-time high (ATH) this year. However, this will only happen if it overcomes a number of prior psychological barriers.
RSI, MACD, MA, and EMA for Zilliqa (ZIL)
The Moving Average Convergence/Divergence (MACD) of ZIL is seen in the chart below. The MACD (blue) remains slightly above the signal indication, which is noteworthy (orange line). As a result, cryptocurrency traders may anticipate more bullish days in the future.
If the MACD starts to move below the signal indication and executes a bearish crossing, on the other hand. The cryptocurrency then has a good probability of hitting fresh lows.
Let’s take a look at ZIL’s relative strength index (RSI). The RSI stays at 39, as seen in the graph above. This indicates that the ZIL price is almost oversold. However, traders must use caution while trading since a big price reversal may occur at any time.
The chart below shows ZIL’s Moving Average (MA) and Exponential Moving Average (EMA). Furthermore, MA is a kind of technical analysis that aids cryptocurrency traders in identifying crypto signals. The exponential moving average (EMA) is a kind of moving average.
The price of ZIL has clearly witnessed numerous positive patterns since the beginning of 2021. Furthermore, if all of these factors are taken into consideration, ZIL may have a competitive market in 2021.
With the ongoing improvements and updates to the ZIL platform. In the next days, the cryptocurrency ZIL has a bright future in the crypto market. It is conceivable, though, that ZIL will reach unprecedented heights.
$0.25 is a bullish ZIL price forecast for 2021. As previously said, it may reach even greater heights, such as $1, if investors believe ZIL is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
Zilliqa is a cryptocurrency that has seen a large price increase in the past few months. The zilliqa price prediction 2020 is that it will hit $1 soon.
Frequently Asked Questions
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