Cryptocurrency Zilliqa (ZIL) has confidently recaptured the $ 0.030 price area as support.
The one-day ZIL/USDT chart below, courtesy of Tradingview, shows that the digital asset is currently trading at $0.03081 and bullishly above the 50-day (white), 100-day (yellow) and 200-day (green) moving averages.
The daily MFI (green), MACD and RSI (red) are yet to show signs of buyers’ exhaustion. Therefore, Zilliqa might still have some momentum to push towards the $0.032 or the $0.034 resistance areas.
$0.05 Might Take a Few Months for Zilliqa
However, despite the bullish momentum, Zilliqa is still in bear territory below the 200-week (red) moving average located around the $0.050 psychological price. The one-week ZIL/USDT chart below shows that such a push towards the crucial level might happen sometime in the fourth quarter of 2023.
