ZIL mentions another 55% rally in less than last 10 days, buy or deny? -

Zilliqa coin is rising higher since March’s lowest level and has gained around 325%.
The Zilliqa coin is trading above the significant moving averages (included 20,50,100 and 200 EMAs) on the daily time frame.
The Zilliqa coin belonging to the bitcoin pair is trading at 0.000003317, which is extremely bullish by 54%.

Today Zilliqa Coin has registered a rapid increase of 55% in the last 10 days. Similarly, on March 26, Zilliqa’s coin saw a sharp rise of 99.6% in a single day. The bulls failed to propel the ZIL coin several times prior to recovery, but it barely managed to push above the $0.03700 level, resulting in price action forming a third bottom on the hourly time frame.

Since last week, the Zilliqa coin is up 270% of its cost and the asset looks aggressive for a directional move. At the time of writing, the ZIL token is trading at $0.155, which is 55% bullish according to CMC data. Furthermore, the Zilliqa coin of the bitcoin pair is currently trading at 0.000003317, which is extremely bullish by 54%.

ZIL Coin is trading above all important moving averages (including 20,50,100 and 200 EMA) in terms of daily price charts. After 10 months, the asset finally displayed volatility above the long-term point of the -200 EMA.

This week, traders saw a highly liquid trading sessions. During the bullish trend, ZIL increased its trading volume by 333% as compared to the previous night, which suggests the stability of the bullish trend in ZIL coin. Meanwhile, the volume to market capitalization ratio is 2.18.

Bulls have another opportunity to reach the ATH mark

The Relative Strength Index continued to move higher after a fall in the oversold zone. Currently, the RSI is at the 90-mark and it is about to reach the 100-level.

ADX, which measures average volume, has surged sharply and has now reached the 40-point mark, indicating strong momentum during bullish trends.

Conclusion

As investors go through a bit of an accumulation phase again, Zilliqa is expected to retest the all-time high level again. $0.090 will be an important support level if the price turns lower from here.

Support level – $0.090 and $0.060

Resistance level – $0.240 and $0.30

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing