Zilliqa is giving a bullish momentum with the strongest support at $0.02234. The RSI stands at almost 51, showing positivity in the movement, and hence, the price is set for a breakout pattern-meaning, more upside might still be expected over the forthcoming weeks.

This could be attributed to the bullish potentials relayed in the "Others" coin market, where price bounces off the ascending support line while the RSI is close to upside breakout with the Bollinger Bands expanding volatility, hence strongly suggesting upward momentum in the nearest future.

BTC dominance forms a bearish breakout of a triangle formation. The trend of the RSI has been posting lower highs, which means the price action could head lower. This move would imply BTC's diminishing dominance, freeing space for altcoins like ZIL to increase.

Trade Details:
Entry: Around 0.02496 ( Join my Binance live for premium crypto signals )
1st Tp: 0.02962
2nd Tp: 0.03577
3rd Tp : 0.03779
$ZIL #swap_crypto #ZILUSDT #ZIL/USDT
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Current Price: $0.02391 (+4.45%)
Resistance Zone: $0.02345 - $0.02432
Support Level: $0.02021

Zilliqa ($ZIL ) is currently testing a critical resistance zone between $0.02345 and $0.02432 after rebounding strongly from its support level at $0.02021. For the past 17 days, ZIL has been consolidating within this range, indicating a potential for a decisive move. The upcoming breakout will be pivotal in determining the next trajectory for the cryptocurrency.

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Key Levels to Watch

Resistance Zone

The current resistance zone ($0.02345 - $0.02432) is a crucial threshold for ZIL. A successful breakout above this level would not only overcome the immediate barrier but also reclaim a significant structural level that has previously acted as both support and resistance.

Support Level

The support level at $0.02021 has proven to be a reliable floor, providing a springboard for the current upward movement.

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Potential Scenarios

Bullish Scenario

If ZIL breaks above the resistance zone with strong momentum, the next targets could be:

T.P1: $0.02747 – The initial resistance target.

T.P2: $0.03224 – A higher resistance level offering potential gains.

T.P3: $0.03564 - $0.03792 – The blue resistance zone historically associated with profit-taking and sell-offs.

Bearish Scenario

Should the breakout fail, ZIL may face a retracement back toward the support level at $0.02021.

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Trade Setup

Entry Zone: $0.02496 (to be considered after a confirmed breakout)
Stop Loss (S.L.): $0.02259 (to mitigate risks of a false breakout)
Take Profit Levels (T.P.):

T.P1: $0.02747

T.P2: $0.03224

T.P3: $0.03792

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Market Analysis

1. Consolidation Phase
ZIL has been consolidating within a well-defined range for the past 17 days, signaling the potential for a significant price movement in the near term.

2. Volume Confirmation
A breakout supported by increased trading volume would provide stronger conviction for a rally toward higher resistance levels.

3. Strategic Risk Management
Tight stop-loss orders are essential to protect against unexpected reversals. Clear profit-taking levels provide flexibility and allow for partial exits as the price approaches key resistance zones.

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Actionable Insights

Wait for Confirmation: Patience is key in this setup. Enter the market only after a confirmed breakout above $0.02432 with increased volume to enhance the likelihood of a sustained upward move.

Adhere to Risk Management: Ensure all trades are supported by a robust risk management plan. Employing stop-loss orders will help limit potential losses, while multiple take-profit levels offer opportunities to secure gains at different stages of the rally.

Conclusion
Zilliqa is at a critical juncture. A decisive move beyond the resistance zone could set the stage for significant gains, while failure to break out may lead to a pullback. Traders are advised to stay vigilant and let the market confirm its direction before taking action.