MarketsPrice Prediction

Zilliqa Price Prediction 2021 – Will ZIL Hit $1 Soon?

  • Bullish ZIL price prediction ranges from $0.15 to $0.25.
  • ZIL price might also reach $1 soon.
  • ZIL bearish market price prediction for 2021 is $0.068.

In Zilliqa (ZIL) price prediction 2021, we use statistics, price patterns, RSI, and much other information about ZIL to analyze the future movement of the cryptocurrency. 

Zilliqa is a public, permissionless blockchain which is created to provide high throughput with the facility to finish thousands of transactions per second. Moreover, it seeks to solve the issue of blockchain speed and scalability by offering sharding as a second-layer scaling solution. More so, it is home to many decentralized apps, and as of October 2020, it will enable staking and yield farming.

Zilliqa (ZIL) Current Market Status

According to CoinGecko, the Zilliqa price is trading at $0.104 with a 24-hour trading volume of $183,664,830, at the time of writing. However, ZIL has decreased by 15% in the last 24 hours.

ZIL holds the 66th position on CoinGecko right now. Moreover, ZIL has a circulating supply of 11.36B ZIL and maximum supply of 21,000,000,000. Currently, ZIL trades in cryptocurrency exchanges such as Binance, Huobi Global, OKEx, FTX, and Upbit. 

Zilliqa ZIL Price Prediction 2021

The daily time frame chart below shows the Falling Wedge pattern of Zilliqa (ZIL). Moreover, the Falling Wedge is a bullish pattern that starts wide at the top and contracts as prices move lower. However, this price action forms a cone that moves down as the trend highs and trend lows converge. 

This shows the ZIL price will surge even higher overtaking its an all-time high price in the near future. This is a result of the huge trading volume that happened in that period.

ZIL/USDT Price Chart
ZIL/USDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $0.15
  • Next Resistance Level – $0.25
  • Support Level 1 – $0.099
  • Support Level 2 – $0.068

The chart above shows that ZIL has performed great over the past month. Moreover, the ZIL price is over 74% in the last 30 days. If this trend continues, ZIL might run along with the bulls, overtaking its $0.25 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ZIL from its uptrend position. In simpler terms, the price of ZIL might plummet to almost $0.068, a bearish signal.

Meanwhile, our long-term ZIL price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) this year. However, that will only happen if it breaks many previous psychological resistances.

Zilliqa (ZIL) RSI, MACD, MA, and EMA

The below chart shows the Moving Average Convergence/Divergence (MACD) of ZIL. Notably, the MACD (blue) continues to stay just above the signal indicator (orange line).  This means that cryptocurrency traders can still expect more bulliish days ahead. 

In contrast, if the MACD begins to move below the signal indicator and performs a bearish crossover. Then the crypto has a high chance of reaching new lows.

ZIL RSI and MACD
ZIL RSI and MACD (Source: TradingView)

Now let’s look at the relative strength index (RSI) of ZIL. As shown in the chart above, the RSI remains at level 39. This shows that the ZIL price is in nearly oversold state. However, the traders need to trade carefully because major price reversal could happen soon.

ZIL’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the below chart. Moreover, MA is a part of technical analysis that helps crypto traders to recognize crypto signals. While EMA is a type of moving average.

ZIL 30-day SMA and 50-day EMA
ZIL 30-day SMA and 50-day EMA (Source: TradingView)

From the starting of 2021, it is very obvious that the ZIL price has seen many bullish trends. Furthermore, considering all these into account, ZIL could have a competitive market in 2021.

Conclusion

With the further developments and upgrades that are happening within the ZIL platform. The cryptocurrency ZIL has a great future in upcoming days in this crypto market. However, it is possible to see ZIL reaching new heights.

Bullish ZIL price prediction 2021 is $0.25. As said above, it may reach even high heights, however reaching $1 if investors have planned that ZIL is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Carolyna Mavis

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.

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