Looking at the daily chart of ZIL/USDT, the ZIL price was swinging from $0.01541 to $0.03426 within the past 30 days after going to its lowest of the month at $0.01541.
Bouncing back from the support level, ZIL is trading in the previous order block formed on 08 November 2022. If ZIL is able to break out of the order block and rises higher, we can expect ZIL to reach $0.05.
Meanwhile, our long-term ZIL price prediction for 2023 is bullish if it cannot break the support level. We can expect ZIL to reach $0.06 this year.
If ZIL cannot break the $0.03047 resistance 1 level, the bears may seize control and dethrone ZIL to a downtrend stance. In simple terms, the price of ZIL might fall to almost $0.01621, indicating a negative signal from the previous support level.
Bouncing back from the support level, ZIL is trading in the previous order block formed on 08 November 2022. If ZIL is able to break out of the order block and rises higher, we can expect ZIL to reach $0.05.
Meanwhile, our long-term ZIL price prediction for 2023 is bullish if it cannot break the support level. We can expect ZIL to reach $0.06 this year.
If ZIL cannot break the $0.03047 resistance 1 level, the bears may seize control and dethrone ZIL to a downtrend stance. In simple terms, the price of ZIL might fall to almost $0.01621, indicating a negative signal from the previous support level.