Following a 240% Increase in 30 Days Zilliqa Recovers From BTC’s Latest Drop. ZIL Price Analysis
bitcoinschannel.com
A strong correction can be expected if the price drops below this trend line
Following the latest price drops, Zilliqa just saw a quick recovery near $0.024, and the price is now charging back towards the $0.030 resistance, which was printed yesterday. Despite yesterday’s drop in Bitcoin’s price, Zilliqa is looking bullish on the daily chart, but the parabolic move may end if it resumes the last 24-hours correction.
If the level holds and the price increases above 307 SAT, the next bullish actions would be targeted at the 320 SAT and 340 SAT resistance levels. If the price drops further, the first level to watch is 233 SAT, followed by the second grey line of 197 SAT – bottomed around the red trend line.
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