In April-May 2021, the ZILUSDT price tried to renew the maximum, which had been held since May 2018.
However, the price of ZILUSD could not confidently do this, and as a result, in May 2021 we saw a drop from $0.25 to $0.07.
Now the price is trying to recover, and the critical zone from above is $0.174-0.194
If the price can gain a foothold above this zone, then it will be possible to consider a set of long-term investment positions with the first targets from above $0.90-1.00 However, if sellers activate in the critical zone, then theoretically the downward fall may be even stronger than in May, and the level of $0.025 will act as strong support from below.
A positive mood can only be added to the ZILBTC chart, where, based on the chart, there is still a growth potential up to 550-600 sat. and even up to 700sat.
Write your thoughts in the comments regarding the possible future movement of the ZIL price _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Zilliqa very underrated, but how do you know that after the quick dead cat bounce that itll drop all the way to .025 cents ? I completely respect the assessment but I want to know how or why zil would travel so low again ? maybe 0.08 or even 0.07 but 0.025 is kinda pushing it no ?
P_S_trade
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@emme2k01, this is an assumption, because near 0.025 start a strong liquidity zone begins, according to the chart