Zilliqa price: trend reversal strengthens after 900% gains in two months
Analyst predicts ZIL/USD could drop 40% to $0.011 after gaining over 900% between March 16 and June 11
The price of Zilliqa is correcting lower on the day as charts show oversold crypto may be due for more dips if the reversal continues. Currently ranked 44th, the coin outshone Bitcoin’s 150% upside since March with a rally that saw its price climb over 900% over the same period.
The trader points to the ZIL/USD pair’s meteoric rise since March to be a potential top that could see the crypto tank to lows of $0.011. Finding support at this level means Zilliqa will have lost nearly 40% of its value from current prices.