Zilliqa was trading at around 0.09 to 0.10 before BTC suffered a brutal slump to 17k local low, partly due to multiple forced liquidations by many institutions or else, BTC local low would be much higher than 17k.
Long scenario - I expect Zilliqa to trade along the trendline up towards 0.051 for a retest after so long. My best guess is it will take more than one time to break this crucial resistance. Hence, it will continue to trade with multiple retests within the price range of 0.041 to 0.51 region.
Price will eventually be so compressed for a breakout to local high of 0.097 to 0.1 by end August to Sept 2022. This align with the Metaverse/Metapolis roadmap with a multi-chain, wallet and app release by Oct 2022.
Long scenario - I expect Zilliqa to trade along the trendline up towards 0.051 for a retest after so long. My best guess is it will take more than one time to break this crucial resistance. Hence, it will continue to trade with multiple retests within the price range of 0.041 to 0.51 region.
Price will eventually be so compressed for a breakout to local high of 0.097 to 0.1 by end August to Sept 2022. This align with the Metaverse/Metapolis roadmap with a multi-chain, wallet and app release by Oct 2022.