Hi there and welcome back to Zilliqa Zebra, your YouTube channel on all things Zilliqa. It's been a lacklustre week for Zilliqa and the crypto market. Let's see how this may impact Zilliqa's price for the next 7 days.
7 days ago, I predicted that Zilliqa price will hit 15 cents mark if it can sustain about 10 cents. The price went to 13.3 cents on 28 May before falling back to the 10 cent resistance range where we are at right now.
Before I continue, dont' forget to like and subscribe to Zilliqa Zebra for your weekly price prediction forecast.
From at all time high of 26 cents in early May, Zilliqa's price went to a low of 69 cents on 24 May. We can see the double top patterns which are extremely bearish technical reversal patterns.
If we look at the 1 Day chart with an 200-day SMA which is at 11.4 cents, it should set a base for higher prices
According to FXStreet, Zilliqa will need a daily close of 120% above its all-time high of 26 cents to ensure sustainable advance into new highs. However, a failure to hold the trend line will push ZIL to the 23.6% retracement at 8.5 cents.
With a series of bearish crypto news, it's affecting Zilliqa's price as well. The launch of Xcademy did not impact Zilliqa's price as well. Hence, we will need to wait for the bridge to see if this next milestone will improve sentiments. I maintain my 12 cents to 15 cents prediction for the next 7 days.
Remember to keep look at the fundamentals when investing. Have a great week ahead!
Zilliqa Zebra provides news, updates, how-to, guides and all things related to the Zilliqa, the first public blockchain to implement sharding on its mainnet. Zilliqa Zebra also shares weekly price predictions on Zilliqa.
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