In this Zilliqa technical analysis, we will examine the current price action, trading volume, key levels and indicators for ZIL-USDT. Zilliqa is a high-performance blockchain platform that utilizes sharding technology to increase transaction throughput and reduce congestion on the network. Its unique approach to scalability allows for faster and more secure transactions, making it an attractive option for businesses and individuals looking to leverage blockchain technology. Additionally, Zilliqa’s smart contract architecture enables developers to build complex decentralized applications with ease.
Zilliqa Price Overview:
As of July 06, 2024, Zilliqa is trading at approximately 0.01511 USDT. Let’s dive into the detailed price action for ZIL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01488 |
| High (H) | 0.01522 |
| Low (L) | 0.01464 |
| Close (C) | 0.01511 |
| Volume (C) | 85,830,253.30 |
- Open (O): The opening price for today’s trading session was approximately 0.01488 USDT.
- High (H): Zilliqa reached a daily high of around 0.01522 USDT.
- Low (L): The daily low for ZIL-USDT was approximately 0.01464 USDT.
- Close (C): At the time of analysis, Zilliqa is trading near its daily close of 0.01511 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.55% |
| 3D Change (%) | -10.49% |
| 7D Change (%) | -11.74% |
| 30D Change (%) | -36.46% |
| 90D Change (%) | -54.81% |
| YTD Change (%) | -39.02% |
Over the past three days, ZILUSDT has decreased by approximately -10.49%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -11.74%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ZILUSDT maintaining a downward trend of approximately -36.46%, despite intermittent fluctuations. Examining the last 90 days, ZILUSDT has witnessed substantial fall of approximately -54.81%, reflecting strong long-term confidence. Year-to-date, ZILUSDT has steadily decreased by around -39.02%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Zilliqa Live Chart:
You can access a live price chart for ZIL-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.60795.
- Momentum score is -0.23571.
ZIL USDT Technical Analysis
Zilliqa Trading Volume:
The trading volume for Zilliqa (ZIL) over the past 24 hours has been insignificant, with approximately 85,830,253.30 USDT traded against ZIL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ZIL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Zilliqa is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ZIL-USDT is currently in the low zone, around 35.44288. This suggests that Zilliqa is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Zilliqa (ZIL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate challenges in realm of Zilliqa (ZILUSDT) at 1.51e-02 USDT with technical analysis pointing to bearish outlook and potential downturns.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.