7 days ago, I predicted that Zilliqa's price range will be between 22 to 26 cents. After hitting a high of 25.5 cents on 7 May, the price has stabilized at 22 cents. Will Zilliqa's price break its new ATH? Let's find out!
Zilliqa's price at the moment is about 22 cents, down 3% over the past 24 hours, with a market cap of $2.68 billion and a 24-hour circulating volume of $313 million. Interestingly, it's performance is green across the 1 year, 6 month, 3 month, 1 month and 1 week mark.
We have been expecting Zilliqa's price to go on an uptrend, especially with a series of exciting news, as summarised by Zilliqa's CEO Amrit as seen here.
Nevertheless, the price continues to hover between 20 cents to 24 cents during the past week. If we look at the 4-hour chart over the past month, we can see cup and handle technical pattern starting to form again, which may point to a bullish signal extending an uptrend. This is especially if the price does not fall below the 20 cents Fibonacci resistance.
Aligning with Nomic's 7-day price prediction, I tend to favour a more positive upside, with a 7-day price prediction of 25 cents with a 10% variance. Hence Zilliqa's price should trend between 22.5 cents to 27.5 cents.
I hope you have found this price prediction video useful. Happy trading, and may we all prosper together!