zilliqa price analysis | What’s Next For ZIL Price
zilliqa price analysis | What’s Next For ZIL Price
Since the start of 2022, the altcoin, zilliqa, has been trading downward. When looking at its December highs, zilliqa has lost around 60% declining towards its 14-month low on February 24th.
Once the upcoming metaverse project’s announcement was made, zilliqa witnessed a bull run.
After surging 540%, the zilliqa price saw tumbling down by 56% in just a week.
zilliqa price’s main support level stood at $0.120 and when the zilliqa price couldn’t maintain this and plunge below this support zone, there was a selling pressure. After the zilliqa price declined to $0.100 on April 18, the currency’s price rallied 31% and is now fluttering around $0.131.
On the other hand, if zilliqa price decides to close the daily candlestick below $0.097 will reverse the bullish move for the altcoin as this would attract bearish lows.
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