Recent rise raises Hope for Fresh Bullish Rally of ZIL
The Zilliqa coin saw a sharp rise on 26 March, where the bulls reclaimed around 99.6% of the cost in a single day.
The zilliqa coin is trading above the significant moving averages (such as 20,50,100 and 200 EMA) over the daily price chart.
Over the daily price chart the zilliqa coin trades above significant moving averages (including 20,50,100 and 200 EMA). To stay in bullish territory bulls have to maintain a daily price chart above 200-EMA.
Stoch RSI formed a high-low on the daily price graph and the moving line now looks flat in the overbought zone.
The Average Volume Index (ADX) is rising sharply and is now at the 37-point mark, indicating strong momentum during a bullish trend.
Zilliqa coin investors need to break the $0.110 level as soon as possible, below which short-sellers may again turn aggressive. If the price turns lower then $0.056 will be a solid support level.
Support level - $0.040 and $0.030
Resistance level - $0.110 and $0.140
The zilliqa coin is trading above the significant moving averages (such as 20,50,100 and 200 EMA) over the daily price chart.
Over the daily price chart the zilliqa coin trades above significant moving averages (including 20,50,100 and 200 EMA). To stay in bullish territory bulls have to maintain a daily price chart above 200-EMA.
Stoch RSI formed a high-low on the daily price graph and the moving line now looks flat in the overbought zone.
The Average Volume Index (ADX) is rising sharply and is now at the 37-point mark, indicating strong momentum during a bullish trend.
Zilliqa coin investors need to break the $0.110 level as soon as possible, below which short-sellers may again turn aggressive. If the price turns lower then $0.056 will be a solid support level.
Support level - $0.040 and $0.030
Resistance level - $0.110 and $0.140