Over the past few weeks, the crypto market has failed to show any signs of recovery. Despite some coins pushing towards higher levels, the bearish sentiment and increased volatility have hindered the upward trajectory. However, in the past 24 hours, some bullish gains have been reported.
Zilliqa is trading at $0.0887 at the time of writing after an 11.8% gain in 24 hours.
Zilliqa Price Analysis
Looking at Zilliqa’s graph over the past month, increased volatility across the broader market has led to the coin dipping towards lower levels. Due to the bearish sentiment, the coin has failed to push towards higher levels, and it is currently consolidating between $0.08 and $0.09.
The crypto market has been fighting to make some slight gains over the past 24 hours. With many coins trading in the green zone, ZIL could benefit from this, and it could test the higher resistance level of $0.09. ZIL has tested this resistance level in the past 24 hours, but it failed to maintain these highs. Increased buyer and market support could lead to these highs being tested again.
On the downside, uncertainty is still high across the market; some traders could start selling off out of fear of further dips. If ZIL dips, it will test the lower support level of $0.075. Some traders are waiting for these dips to accumulate more coins; hence further dips below $0.07 might not happen.
The Zilliqa network has announced the launch of the ZilBridge, which will enhance user experience on the Zilliqa mainnet. With the ZilBridge, users will bridge over a wide range of assets, including ETH, USDT and WBTC. It will also open a way for users to earn yields by offering liquidity on different pools on the network.
Where to Buy ZIL
If you want to buy ZIL during the recent gains, you can create an account on the following exchanges:
You can buy ZIL coins from eToro. eToro is a reliable cryptocurrency exchange platform that allows a new trader to copy the trading strategies used by expert traders. eToro charges low trading fees commissions and also supports a variety of user-friendly features.
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