Zilliqa Dropped -26.74% in Last Month and is Predicted to Drop to $0.021494 By May 26, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Zilliqa is down -3.20% today against the US Dollar
• ZIL/BTC decreased by -2.40% today
• ZIL/ETH decreased by -2.45% today
• Zilliqa is currently trading 9.22% above our prediction on May 26, 2023
• Zilliqa dropped -26.74% in the last month and is down -55.29% since 1 year ago

ZIL price is expected to drop by -8.54% in the next 5 days according to our Zilliqa price prediction

is trading at $ 0.023477 after losing -3.20% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.79% in the same time period. ZIL performed poorly against BTC today and recorded a -2.40% loss against the world’s largest cryptocurrency.

According to our Zilliqa price prediction, ZIL is expected to reach a price of $ 0.021494 by May 26, 2023. This would represent a -8.54% price decrease for ZIL in the next 5 days.

ZIL Price Prediction Chart

Buy/Sell Zilliqa

What has been going on with Zilliqa in the last 30 days

Zilliqa has been displaying a negative trend recently, as the coin lost -26.74% in the last 30-days. The medium-term trend for Zilliqa has been bearish, with ZIL dropping by -30.49% in the last 3 months. The long-term picture for Zilliqa has been negative, as ZIL is currently displaying a -55.29% 1-year price change. On this day last year, ZIL was trading at $ 0.052509.

Zilliqa reached its all-time high price on Apr 17, 2021, when the price of ZIL peaked at $ 0.256373. The current ZIL cycle high is $ 0.036656, while the cycle low is at $ 0.015388. ZIL has been displaying high volatility recently – the 1-month volatility of the coin is at 11.07. Zilliqa recorded 14 green days in the last 30 days.

Zilliqa technical analysis for today – May 21, 2023

The sentiment in the Zilliqa markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.024081, $ 0.023933 and $ 0.023828, while $ 0.024335, $ 0.024440 and $ 0.024588 are the key resistance levels.

Bearish sentiment for Zilliqa

1 indicators are currently signaling a bullish prediction for Zilliqa, while 29 indicators are showing a bearish forecast. With 97% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Zilliqa.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 52 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Zilliqa moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Zilliqa is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Zilliqa is at 38.98, suggesting that ZIL is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Zilliqa over the last 50 days. Currently, Zilliqa is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ZIL closing price for the last 200 days. ZIL is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Zilliqa prediction

After considering the above factors, we can conclude that the current forecast for Zilliqa price prediction is Bearish. ZIL would have to decrease by -8.54% to hit our $ 0.021494 target within the next five days. Moving forward, it will be important to monitor the ZIL market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Zilliqa price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.