ZILUSDT at a Breaking Point: Deeper Drop or a Surprise Reversal?Yello! Is ZILUSDT about to sink further, or are the bulls preparing for a comeback? The price action is flashing critical signals, and a major move is brewing traders, stay sharp.
💎#Zilliqa remains under heavy bearish pressure, struggling to reclaim the key $0.01503 resistance level. The price is trading below both the 50 and 200 EMAs, reinforcing the downtrend and showing that sellers are still in control. If GETTEX:ZIL fails to hold above the current trendline, it will likely retest $0.01278, where a rejection could send it lower. Until $0.01503 is reclaimed and sustained, the risk of further downside remains high.
💎The next major support sits at $0.01032, where a temporary bounce could occur. This is a crucial level, as it marks a strong historical support zone. However, if selling pressure persists, ZIL could drop further to $0.00879, a key accumulation area where bulls might step in—or where the bearish trend could deepen even further.
💎For the bulls to regain control, it must reclaim $0.01503 and break past the supply zone. A sustained push beyond this level, backed by strong buying momentum, could hint at the start of a trend reversal. However, a true shift in momentum will only be confirmed if ZIL closes above $0.01503, reclaims the 200 EMA, and invalidates the current bearish setup.
Patience is everything, traders. The biggest profits come from waiting for confirmation, not chasing every small move. Play it smart and stay disciplined only the prepared will win in the long run.
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