Zilliqa (ZIL) Price Prediction 2023 – Will ZIL Hit $0.03 Soon?

Zilliqa (ZIL) Price Prediction 2022 - Will ZIL Hit $0.1 Soon?
  • Bullish ZIL price prediction for 2023 is $0.02520 to $0.06271.
  • The ZIL price will also reach $0.03 soon.
  • Bearish ZIL price prediction for 2023 is $0.01676.

In Zilliqa (ZIL) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ZIL to analyze the future movement of the cryptocurrency. 

Zilliqa (ZIL) Current Market Status

Current Price $0.016418018319
24 – Hour Trading Volume $19,583,568
24 – Hour Price Change 5.5% Down
Circulating Supply 16,995,403,068
All – Time High $0.255376 (On May 06, 2021) 
ZIL Current Market Status (Source: CoinGecko)

What is Zilliqa (ZIL)?

Zilliqa (ZIL) is the native utility token of the Zilliqa blockchain. Zilliqa is a layer-1 public blockchain that relies on computational sharding. This blockchain is best suited for processing several thousand transactions at high throughput and lower costs. Zilliqa is meant for carrying out complex computational tasks.

Zilliqa is secured by a hybrid consensus model that combines proof-of-work (PoW) consensus with practical byzantine fault tolerance (PBFT). It also uses its custom language, Scilla, for creating secure smart contracts. ZIL was launched as an ERC-20 token in 2017 and later migrated onto its mainnet in 2019.

Zilliqa (ZIL) grants governance rights to its holders. Users gain access to the products and services on the Zilliqa blockchain. They can also buy and sell NFTs using ZIL tokens. Miners earn ZIL as rewards for validating transactions.

Zilliqa (ZIL) Price Prediction 2023

Zilliqa (ZIL) holds the 101st position on CoinGecko. ZIL price prediction 2023 is explained below with a daily time frame.

ZIL/USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of Zilliqa (ZIL) laid out a Falling Wedge pattern.In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Zilliqa (ZIL) is at $0.017115. If the pattern continues, the price of ZIL might reach the resistance level of $0.02255 and $0.03411. If the trend reverses, then the price of ZIL may fall to $0.01656.

Zilliqa (ZIL) Support and Resistance Levels

The chart below shows the support and resistance levels of Zilliqa (ZIL).

ZIL/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Zilliqa (ZIL).

Resistance Level 1$0.02520
Resistance Level 2$0.03913
Resistance Level 3$0.06271
Support Level  $0.01676
ZIL Support and Resistance Levels

The charts show that ZIL has performed a bullish trend over the past month. If this trend continues, ZIL might run along with the bulls overtaking its resistance level at $0.06271.

Accordingly, if the investors turn against the crypto, the price of the ZIL might plummet to almost $0.01676, a bearish signal.

Zilliqa (ZIL) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Zilliqa (ZIL) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ZIL lies below the cutoff line, indicating weak participants in the current trend.

ZIL/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Zilliqa (ZIL) is shown in the above chart. Notably, the ZIL price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, ZIL is in a bearish state. There is a possibility of a reversal trend of ZIL at any time.

Meanwhile, the relative strength index (RSI) of Zilliqa (ZIL) is at a level of 26.62. This means that Zilliqa (ZIL) is in an nearly oversold state. However, this means a major price reversal of ZIL may occur in the upcoming days.So, traders need to trade carefully.

Zilliqa (ZIL) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Zilliqa (ZIL). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

ZIL/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Zilliqa (ZIL). Currently, ZIL lies in the range of 55.3521, indicating a very strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Zilliqa (ZIL). RVI measures the constant deviation of price changes over a period of time. The RVI of ZIL lies below 50, indicating low volatility. In fact, ZIL’s RSI is at 26.62, thus confirming a potential buy signal.

Comparison of ZIL with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Zilliqa (ZIL).

BTC Vs ETH Vs ZIL Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH, BTC, and ZIL are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ZIL also increase or decrease respectively.

Zilliqa (ZIL) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Zilliqa (ZIL) between 2024 and 2030.

Zilliqa (ZIL) Price Prediction 2024

If the declining price action slows down in momentum and the trend reverses,  Zilliqa (ZIL) might probably attain $0.05 by 2024.

Zilliqa (ZIL) Price Prediction 2025

With several upgrades in the network, Zilliqa (ZIL) might enter a bullish trajectory. If the coin grabs the attention of major investors, ZIL might rally to hit $0.1 by 2025. 

Zilliqa (ZIL) Price Prediction 2026

If Zilliqa (ZIL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, ZIL would rally to hit $0.3.  

Zilliqa (ZIL) Price Prediction 2027

If Zilliqa (ZIL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, ZIL would rally to hit $0.5. 

Zilliqa (ZIL) Price Prediction 2028

If Zilliqa (ZIL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, ZIL would rally to hit $0.7. 

Zilliqa (ZIL) Price Prediction 2029

If Zilliqa (ZIL) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2029, ZIL would hit $0.9.

Zilliqa (ZIL) Price Prediction 2030

If investors flock in and continue to place their bets on Zilliqa (ZIL), it would witness major spikes. ZIL might hit $1  by 2030.

Conclusion

With continuous improvements in the Zilliqa network, we can say that 2023 is a good year for ZIL. For this reason, the bullish price prediction of Zilliqa (ZIL) in 2023 is $0.06271. On the other hand, the bearish price prediction of Zilliqa (ZIL) for 2023 is $0.01676.

Furthermore, with the advancements and upgrades in the Zilliqa ecosystem, the performance of Zilliqa (ZIL) might hit $0.03 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $0.255376 in the near future.

FAQ

1. What is Zilliqa (ZIL)?

Zilliqa (ZIL) is the utility token of Zilliqa. Zilliqa is a layer-1 public blockchain meant for the creation of dApps and for carrying out complex computational tasks at high throughput and lower costs. ZIL was launched in 2017.

2. Where can you purchase Zilliqa (ZIL)?

Zilliqa (ZIL) has been listed on many crypto exchanges which include Binance, KuCoin, Bitfinex,OKX, Gate.io.

3. Will Zilliqa (ZIL) reach a new ATH soon?

With the ongoing developments and upgrades within the Zilliqa platform, Zilliqa (ZIL) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Zilliqa (ZIL)?

On May 06, 2021, Zilliqa (ZIL) reached its new all-time high (ATH) of $0.255376.

5. Is Zilliqa (ZIL) a good investment in 2023?

Zilliqa (ZIL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ZIL in the past few months, ZIL is considered a good investment in 2023.

6. Can Zilliqa (ZIL) reach $0.03?

Zilliqa (ZIL) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Zilliqa (ZIL) will hit $0.03 soon.

7. What will be Zilliqa (ZIL) price by 2024?

Zilliqa (ZIL) price is expected to reach $0.05 by 2024.

8. What will be Zilliqa (ZIL) price by 2025?

Zilliqa (ZIL) price is expected to reach $0.1 by 2025.

9. What will be Zilliqa (ZIL) price by 2026?

Zilliqa (ZIL) price is expected to reach $0.3 by 2026.

10. What will be Zilliqa (ZIL) price by 2027?

Zilliqa (ZIL) price is expected to reach $0.5 by 2027.

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

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.