- ZIL coin experienced a 20% increase in 3 days.
- Where should those who want to invest in ZIL coin wait?
- If ZIL cannot exceed the level of $0.03267, a decrease may begin.
ZIL Price Analysis! Will the Rise Continue?
4 Hourly ZIL Price Chart Source: TradingView
When we examine the price chart of Zilliqa (ZIL) in a 4-hour time frame, it shows that the last 4-hour candle is down more than 1%.
ZIL coin must make 4-hour candle closes above the level of $0.03267 to continue its upward movement. If the ZIL price cannot make candle closes above the mentioned resistance zone, it may start the downward movement from this zone.
The nearest support zone for ZIL coin is at the levels of $0.03064. If the ZIL price makes candle closes below this support zone, it can continue the downward movement.
Which Zone Should Long-Term ZIL Investors Wait For?
ZIL Price Chart Source: TradingView
When we look at the price chart of ZIL for medium and long-term investors, it is seen that the correct buying zone is the gray zone mentioned in the analysis, which is at the levels of $0.028 – $0.02690.
Zilliqa (ZIL) can restart the upward trend from this zone after making a downward movement to this zone. As long as ZIL coin holds onto the support zone mentioned in the analysis, its targets will be the first at the level of $0.03267 and the second at the level of $0.03675.
ZIL coin needs to make daily candle closes above the level of $0.02650 to start this upward trend.
