Zilliqa Technical Analysis and Price Prediction

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To do a complex technical analysis, we need to understand global trends which determine market movements.

The bearish trend observed in the ZILUSD‘s monthly chart started forming in spring 2021. This trend’s potential appears weak, as a downward movement’s slowdown, which looks like consolidation, and falling trading activities suggest.

The bearish trend’s projected endpoint can be a support level of 0.05 USD: the rate stopped there twice, in January and July 2021. So, the coin won’t probably manage to break out that level again.

Zilliqa price prediction for three months

To make a realistic three-month forecast for Zilliqa, we’ll switch to a daily time frame as it will be easier to go over the market situation there.

The ZILUSD is consolidating in a narrowing channel. At the same time, the price is limited by two key levels:

  • By support level of 0.05 USD from below — the red line — which it’s been unable to break since January 2021.
  • By resistance level of 0.15 USD from above — the green line — that emerged on one of the local maximums in June.

The MACD indicator analysis hasn’t produced clear signals of how the future price might behave. However, the indicator chart looks positive: the MACD’s MAs are directed upwards, and the histogram is green. That points to the presence of the real buyer and a relevant support level at around 0.05 USD.

So, the consolidation may be expected to continue developing in a triangle up to the end of February 2022. As the buyer hasn’t been active so far, the green level might be tested only in early spring 2022.

Long-term Zilliqa crypto forecast for 2022

We’ll make a long-term trading forecast for the next twelve months based on the technical analysis done.

I have used monthly price projections based on the historical data and Bollinger Bands width changes.

 Zilliqa’s projected value might fluctuate from 0.05 to 0.15 USD in the first half of 2022. Currently, it’s hard to predict when and in which direction the coin’s rate will go outside that range in the future.

Since the ZILUSD stock’s bearish potential is weak, the price chart’s coming nearer to the historical maximum is the likeliest outcome of the confrontation between bulls and bears. Projected growth is unlikely to happen earlier than spring-summer 2022. The target for 2022 can be planned at around 2021’s high — 0.25 – 0.26 USD.

Monthly price forecast ZIL to USD

The table below presents the expected Zilliqa to US Dollar trading range with maximums and minimums for each month of 2022.

Month

ZIL/USD price

Minimum, $

Maximum, $

January 2022

0.05

0.10

February 2022

0.05

0.10

March 2022

0.05

0.12

April 2022

0.08

0.16

May 2022

0.05

0.13

June 2022

0.05

0.11

July 2022

0.08

0.14

August 2022

0.12

0.19

September 2022

0.17

0.23

October 2022

0.19

0.26

November 2022

0.19

0.25

December 2022

0.15

0.23

Long-term Zilliqa (ZILUSD) trading plan

The levels we have marked earlier will help us make a trading plan for the ZILUSD crypto pair.

As long as the price is consolidating, we can wait for another retest of the key support at 0.05 USD to go long — the blue line in the chart above.

Stop Loss can be set above 0.05 USD — the red line.

The nearest Take Profit target is close to 0.15 USD. Still, a powerful bullish movement can pull the crypto coin to its all-time highs at 0.25 USD. So, I recommend holding 50% of the position in case that happens and closing the whole position once we have reversal signals.

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ZILUSD technical analysis is presented by Mikhail Hypov.

Price chart of ZILUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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