ZILLIQA Price Analysis: $0.0768 might be a retracing zone as candles are sinking

  • ZIL is entertained by Binance in over 170 countries in terms of purchasing and trading of it.
  • The token has a block height of 1,327,190 and DS height of 13,272. Nodes with number 2,134 and their TPS is 0.03.
  • The RSI oscillator for ZIL shows the SELL action.

The ZIL has recently formed three inside down pattern. The last known price of the token, ZIL, is 0.07995 and is down by 7.04% over the last 24 hours. It has the current trading volume(s) of 97,960,458 with a loss of 32.85% over the last 24 hours. ZIL has addresses of 13,794 holders with the active transfer(s) of 253,055 in the last 24 hours. 

It has a circulating supply of 11,554,726,744 ZIL coins and a max. supply of 21,000,000,000 ZIL coins. Its total supply (The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.) is 14,846,193,897.

ZIL has a total stake (35.02% of circulating supply) of 5,199,089,176 ZIL with its delegators of 96,459. 

HASH RATE DATA

The chart above (1) shows the movement of ZIL where 200 DMA was running above it and even DMA-50 was above it until last week of July. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is above both the other SMA’s, that is (SMA-200) and the other(SMA-50). We see an upward pattern. The trend line marked shows this upward shifting. The candles forming now are sinking and it is expected that the token would gather support from its SMA-50 zone. 

The circles marked in the chart show the fine time to sell the token. However, at present the token is set to BUY. ZIL has provided returns of 25% on an average of the last 7 days.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 38.287 and marks the sell action. MA-5 shows the buy action whereas MA-10 and MA-20 show the sell action. Even MA-100 and MA-200 show the same buy action.

The bull/bear power has the value of -0.0021 and shows the sell action. The high/low marks the sell action with the value of -0.0026.

The ZIL-BTC pair is trailing at the level of 0.000002009 and the low of 1.84% was seen whereas the ZIL-ETH pair is trailing at the level of 0.00003119 and the low of 6.98% was seen in the last 24 hours. The volume/market cap of the token is 0.1064 and its market dominance is 0.06%.

Conclusion: The days range for the coin is 0.07710-0.088460 and presently is at 0.07964. The 24 hours high and low of the coin is 0.08846 and 0.078 respectively. We observed that the coin is sinking at this moment and would acquire support from the zone of SMA-50 and then we could expect the retracement. It might not show as per the expected result. This is an assumption

Technical Instruments:

Pivot: 0.0794

R-1: 0.07991

R-2: 0.08017

S-1: 0.07907

S-2: 0.07881

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour