Here's what to expect from Zilliqa's near-term price action

The sellers were quick to unleash their underlying force after Zilliqa (ZIL) approached 200 EMA (green). This level also coincided with the upper trendline of the six-week-long down-channel (yellow).

Timeline of Zilliqa

Zilliqa (ZIL), a smart contract crypto has garnered significant attention since its inception. Well, it incorporated three main attributes: low cost, environmentally sustainable, and high scalability.

Zilliqa has been in the limelight in recent times for all the right reasons. Amidst the bearish tendencies of Q1-2022, Zilliqa (ZIL) grew exponentially recording up to 4x price growth.

Zilliqa ZIL/USD is a smart contract blockchain platform that utilizes a technology known as sharding as a means of maximizing the number of transactions that can be performed at any given time. Furthermore, Zilliqa also utilizes a unique consensus mechanism, which is a combination of proof-of-work (PoW) and Practical Byzantine Fault Tolerance (PoW and pBFT). The post Zilliqa showcases solid gains, but will this trend continue? appeared first on Invezz.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Why exactly did Bitcoin climb past $39k again?

Be[in]Crypto takes a look at the price movement for seven different cryptocurrencies, including Zilliqa (ZIL), which increased considerably on May 4. The post Zilliqa (ZIL) Increases By 37% In a Day: Multi-Coin Analysis appeared first on BeInCrypto.

Zilliqa (ZIL), the native token on the eponymous blockchain, is among the best performing cryptocurrencies in the past 24 hours amid a surge in social media interest. The ZIL token has surged by a whopping 40% in the last 24 hours, while its trading volume has zoomed by over 700% to $1.6 Billion in the The post Zilliqa Token (ZIL) Prices Zoom By 40%; Here's Why appeared first on CoinGape.

The last two weeks have seen Zilliqa (ZIL) continue its plummet below some key price levels dropping below its 200 EMA (green). The market structure finally saw some clash between buyers and sellers on the $0.06 floor.

Zilliqa's (ZIL) price witnessed a roller-coaster ride in the past two months, starting from a perpendicular rally near the March-end and then a striking dip in April. Furthermore, the ongoing correction has recently pierced the 0.786 Fibonacci retracement levels, but today's sudden price jump marks it as a false breakdown.

Until this last month's poor performance, 2022 was an awesome start for Zilliqa. They were bucking the overall downtrend and went up more than 4x up to a recent high of 21 cents before being dragged down by these market conditions we are facing.

Citing the official crypto developers' resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm. The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 – early 2022.