Technical Analysis for $ZIL
/USDT:
Current Price: 0.02353 (+1.47% in the last 24 hours)
Trend: Bullish momentum observed in the short-term with moderate upward movement.
Resistance: 0.02389 (recent high)
Support: 0.02262 (recent low)
RSI: Neutral with slight bullish pressure.
MACD: Positive cross suggesting ongoing short-term bullishness.
Volume: Healthy volume of 181.30M ZIL, indicating active market participation.
Trade Signals:
Bullish Entry: Buy at 0.02255 - 0.02262, near support for potential upward momentum.
Take Profit Targets:
1. Target 1: 0.02353 (current price, potential resistance zone)
2. Target 2: 0.02389 (24h high)
3. Target 3: 0.02400 (next resistance level)
Stop Loss: Place below 0.02240 to manage downside risk.
Trade Momentum:
The market shows a positive trend, supported by the upward movement and MACD indicator. The price is likely to test 0.02389 next. If it breaks above this level, the next resistance around 0.02400 could be reached, confirming stronger bullish momentum.