$ZIL /USDT Analysis and Target Update

$ZIL Current Price: $0.03436 (+27.54%)

Key Observations

Zilliqa (ZIL) has emerged as a strong performer, showing impressive momentum. The price surge is supported by increased trading volume, reflecting heightened interest in this Layer 1 blockchain asset.

Technical Levels

Resistance: $0.03600 – A breakout here could lead to further upward movement.

Support: $0.03200 – A key level to hold in case of retracement.

Target Projection

Short-term Target: $0.03800 – Momentum could push prices higher in the short term.

Mid-term Target: $0.04200 – If the rally sustains, ZIL could test this level.

Trading Insights

Bullish Indicators: The strong 24-hour volume (2.18B ZIL) suggests a continuation of the current trend.

Caution: A drop below $0.03200 could signal a temporary pullback to $0.03000 or lower.

Keep an eye on market sentiment and broader crypto trends to align with ZIL’s next moves.

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