The cryptocurrency market started the month of April with a correction as most cryptocurrencies started the day in the red. Although most Altcoins have been recovering, there are only a handful of cryptocurrencies that have sustained the bullish cycle. One of them is Zilliqa (ZIL).
Zilliqa surprises the market with a big breakout!
Zilliqa is a public blockchain and without permission which started in the month of April on a positive note having seen a 14% increase since yesterday.
Rising star Zilliqa made a massive profit after the price hit $0.2307 in early hours today. This bull run saw a 360% pump. At press time, ZIL has slightly dipped trading at $0.1998 with a 3.92% rise in the last 24 hours and a 295.92% rise in the last seven days.
However, with an increase in sales volume, there could be a breakout, but if Zilliqa falls, then the coin can drop to $0.18.
Even though Zilliqa did not see a breakout in terms of price, the coin hit new highs in trading volume. According to TradingView reports, Zilliqa’s trading volume reached 7 billion ZIL at some point, while the average trading volume is about 100 million ZIL.
If we look at the ZIL weekly trading frame, Zilliqa broke the resistance barrier at $0.15482 but the coin failed to make a new high. If the bulls fail to make new highs by the end of this week, the altcoin may retest the purple line which acts as a support line for now.
And if the bulls keep their grip on Zilliqa, the coin could be seen heading towards $0.27 by the end of 2022.
Disclaimer: The information found on CryptoReport is that of the cited writers. It does not represent the opinions of Criptoinforma on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.
Buy and sell Bitcoin and other cryptocurrencies on Binance, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world’s most traded cryptocurrencies. Sign up and see how simple it is, go to: https://binance.com