ZIL/USDT If Break this resistance, the price back to upward!

BINANCE:ZILUSDT   Zilliqa / TetherUS
πŸ’Ž ZIL has recently encountered significant market dynamics. Presently, ZIL is confronting a resistance area after experiencing a noteworthy bounce from the demand zone.

πŸ’Ž If ZIL manages to break above the resistance area and reclaim its price above this level, there's a probability that the price will resume its upward movement and eventually reach our target area, which is the bearish OB area.

πŸ’Ž However, if ZIL faces rejection at the resistance zone, there's a potential for the price to retreat downward, targeting the demand zone to generate new upward momentum.

πŸ’Ž The demand area appears to be robust enough to support further downward movement for ZIL. Therefore, the price must bounce upon reaching this area.

πŸ’Ž Failure to bounce, resulting in a breakdown below the demand zone, could indicate bearish sentiment, potentially leading to further downward movement towards the strong support area.

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