$ZIL The currency is in a late bearish phase, but the reversal signals are not yet clear 📉
Current Market Situation〽️
The market is in a late bearish phase, but the bullish reversal signals are not yet clear.
Price action shows stability within key ranges
Support areas: between 0.019601 and 0.020152.
Resistance areas: between 0.025027 and 0.037624.
Technical Analysis👌
🔹 1. Double Top Pattern:
In mid-December, the Double Top pattern formed, a pattern that usually indicates the continuation of the downtrend.
🔹 2. Moving Averages:
The system is moving in a downward direction
7-day moving average: at 0.02252
30-day moving average: at 0.02305
This arrangement reflects selling pressure on the currency
🔹 3. MACD indicator:
The indicator has turned from negative to positive, but the momentum is not enough to support a clear reversal
Future outlook👈
✳️ Current indicators reflect selling pressure and weak upward momentum.
✳️ Investors are advised to remain on the lookout until the picture becomes clear.
Do you see a reversal in the market movement soon? Share your expectations with us! 📊
$ZIL #ZILUSDT #altcoins