Will Zilliqa (ZIL) Price Continue Bullish Rally in April?

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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.

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