The Zilliqa price analysis is showing bears are in the lead today. As the market opened, bears gained strength and drove the price down to the $0.01906 range, where ZIL recently found support, and bulls are attempting to take control, but it appears that they may fail. Previously, the coin was showing bullish momentum after the steep crashes observed after December 15, 2022. However, the cryptocurrency is finding it hard to break above the resistance level of $0.02053, as the coin faced rejection at this level for the third time.
The 1-day price chart for Zilliqa price analysis shows that the ZIL bulls are trying hard to take over the price function, but bearish supremacy is still dominating today’s price action. The ZIL/USD has decreased by 6.51% in the past 24 hours. The trading volume is at $26,229,192, which is lower than the usual trading volumes, while the market cap stands at $303,441,995.
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Source: Cryptocurrency - investing.com
