Zilliqa breakout fades as price dumps 20%

Zilliqa breakout fades as price dumps 20%
фото показано с : coinjournal.net

2020-11-26 16:02

The ZIL/USD and ZIL/BTC pairs are both precariously placed within long term resistance zones

As altcoins see red, Zilliqa’s (ZIL) has dropped 20% in the past 24 hours to be among the biggest losers in the top 100 list of largest cryptocurrencies by market cap.

The double-digit losses for ZIL/USD mirror the broader crypto market. Bitcoin (BTC) is down nearly 11% to trade at lows of $17,000 after coming close to hitting its all-time high.

Elsewhere, top altcoins like Ethereum (ETH), Ripple (XRP), Stellar (XLM) and Cardano (ADA) are all bleeding, even as bears take joy in the latest sell-off.

While a rebound in sentiment could see ZIL/USD attempt a break to $0.045, the short term picture as shown on the daily and 4-hour charts suggests an increase in downward pressure. The headwinds could thus see it dump to lows of $0.018 short term.

At the time of writing, the spot price for the token is around $0.023, about 12% lower in the past hour alone.

ZIL/USD

The Zilliqa price rallied nearly 45% in 24 hours as bulls cracked resistance at the upper boundary of the descending parallel channel.

The height of the channel’s base to the highest part of the boundary suggested bulls were in line for a breakout to $0.045.

But as the daily chart shows, bears quickly struck back. A flip in the Relative Strength Index (RSI) also means bulls risk losing the grip formed over the past several days.

The next target for bears could be to drive prices to the middle line of the parallel channel. If the downward pressure holds, expect ZIL/USD to retest the area around $0.020.

Further down, the 50-SMA ($0.019) and the 200-SMA ($0.018) provide support just above the descending channel’s middle line.

ZIL/USDT daily chart. Source: TradingView

ZIL/BTC

The downturn for ZIL/USD also coincides with a dip for the ZIL/BTC pair after a similar breakout.

Yesterday, the price of Zilliqa against Bitcoin looked to have broken out of a descending wedge pattern as bulls pushed from lows of 120 to 186 satoshis.

ZIL/BTC daily chart. Source: TradingView

However, as shown in the daily chart above, ZIL/BTC is back within the confines of the wedge pattern at around 142 sats per unit. The negative action has seen Zilliqa against BTC drop below the 200-SMA. Additionally, the down-sloping 50-SMA suggests bears could yet push the pair lower.

If ZIL/BTC continues to tank, the next support line could be the lower trendline of the declining triangle pattern near the 100 satoshi line.

The post Zilliqa breakout fades as price dumps 20% appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Breakout (BRK) на Currencies.ru

$ 0.0052035 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -49.08 %
Cегодня L: $0.0052035 - H: $0.0052035
Капитализация $98.602k Rank 99999
Доступно / Всего 18.949m BRK

zilliqa zil dumps price fades breakout zones

Источник: coinjournal.net

zilliqa zil → Результатов: 126


Фото:

Zilliqa cuts monthly mining rewards by 50%, leading to ZIL price surge

Zilliqa has announced that the community proposal to halve monthly mining rewards has passed, marking a significant step as the project prepares to transition to a proof-of-stake (PoS) network. The news boosted Zilliqa’s (ZIL) price, which surged 8% in the past 24 hours, reaching levels last seen in late September. ZIL community adopts key proposal […]

2024-10-15 16:05


Coinbase Custody Now Supports Zilliqa (ZIL) Transactions for Deposits and Withdrawals

One of the biggest names in the crypto ecosystem, Coinbase offers custody for cryptocurrency assets for institutions in the form of their custody program, which charges a setup fee of $100,000 and a minimum holding of $10million so you can see it is aimed at banks, hedge funds and other financial institutions who would require […]

2019-3-21 21:56


Despite the successful mainnet launch, Zilliqa (ZIL) dropped in the crypto rankings. Why?

There is a famous investing adage: “buy the rumor, sell the news.” If you observe crypto markets for a certain amount of time, this advice has been proven true more times than not. Markets are typically driven by emotion and because of this when a rumour with expected positive sentiment comes out, it generally means […] The post Despite the successful mainnet launch, Zilliqa (ZIL) dropped in the crypto rankings. Why? appeared first on CaptainAltcoin.

2019-2-10 17:13


Запущена основная сеть блокчейна Zilliqa с поддержкой шардинга

Состоялся официальный запуск основной сети блокчейн-проекта Zilliqa. До июня она будет работать в режиме отладки. Об этом компания заявила в официальном блоге. В настоящий момент руководство Zilliqa ведет переговоры с биржами Binance, Huobi, Gate.

2019-1-31 18:33


Zilliqa (ZIL) and MaiCoin Partner to Power a New Exchange Tailored for Security Token Offerings (STO)

The team behind the high-throughput public blockchain platform of Zilliqa (ZIL), has partnered with MaiCoin, a Taiwan-based digital asset exchange, to power the revolutionary Hg Exchange. The new exchange aims at becoming the first member-driven exchange in Southeast Asia for privately-held shares and Security token offerings.

2019-1-24 12:28


Why Zilliqa’s (ZIL) mainnet launch is one of the top crypto events of the Q1 2019

Zilliqa is getting ready for its mainnet launch scheduled for the end of this month. And this could wind up being one of the most important events in the Q1 for the whole crypto industry. Why? Because of their use case and ostensibly well developed scalability solution that could pave the way for many other […] The post Why Zilliqa’s (ZIL) mainnet launch is one of the top crypto events of the Q1 2019 appeared first on CaptainAltcoin.

2019-1-22 19:16


Фото:

Coinbase Pro добавила в листинг еще четыре Ethereum-токена

Торговая платформа Coinbase Pro проводит листинг четырех токенов стандарта ERC20, в числе которых Dai (DAI), Golem (GNT), Maker (MKR) и Zilliqa (ZIL). На бирже перечисленные активы будут торговаться в парах с USD Coin (USDC).

2018-12-19 14:22


Coinbase Pro добавляет четыре токена стандарта ERC-20

Токены Dai (DAI), Golem (GNT), Maker (MKR) и Zilliqa (ZIL) запускаются на криптовалютной бирже Coinbase Pro в некоторых юрисдикциях. Об этом сообщается в блоге Coinbase. Добавление этих активов является продолжением инициативы по добавлению в продукты Coinbase токенов стандарта ERC-20.

2018-12-19 12:13


Coinbase добавила на свою торговую платформу ещё четыре эфириум-токена

Компания Coinbase добавила на свою торговую платформу Coinbase Pro ещё четыре эфириум-токена: Dai (DAI), Golem (GNT), Maker (MKR) и Zilliqa (ZIL). Об этом компания сообщила в своём блоге.

2018-12-19 11:21


На Coinbase Pro добавлены четыре новых Ethereum-токена

Ведущая криптовалютная биржа США Coinbase Pro объявила о начале поддержки четырех новых Ethereum-токенов – ими стали Dai (DAI), Golem (GNT), Maker (MKR) и Zilliqa (ZIL). Inbound transfers for DAI, GNT, MKR, and ZIL are now available in the regions where trading is supported.

2018-12-19 11:03


Фото:

Coinbase добавляет поддержку сразу четырех токенов

Криптовалютная биржа Coinbase для своих пользователей из США, Великобритании, стран ЕС, Канады, Сингапура и Австралии открывает возможность проведения операций с токенами Golem (GNT) и Dai (DAI), а для резидентов всех названных стран, кроме США - также с токенами Maker (MKR) и Zilliqa (ZIL). Об этом компания сообщила у себя в блоге.

2018-12-19 09:40


Coinbase Pro добавляет поддержку GNT, DAI, MKR и ZIL

Для пользователей ориентированной на “экспертов” торговой платформы Coinbase Pro из США (кроме штата Нью-Йорк), Великобритании, стран ЕС, Канады, Сингапура и Австралии с сегодняшнего дня открывается возможность проведения операций с токенами Golem (GNT) и Dai (DAI), а для резидентов всех названных стран, кроме США – также с токенами Maker (MKR) и Zilliqa (ZIL). Inbound transfers for DAI, […]

2018-12-19 00:18


Zilliqa (ZIL) Blockchain Testnet Version 3 ‘Mao Shan Wang’ Releases, Mining Details Coming Soon

Zilliqa’s Testnet Version 3 Released –Mining Information To Be Released On December 3rd Last week, Zilliqa (ZIL) announced the release of its Testnet’s third version. Named Mao Shan Wang, this new Testnet upgrade boasts of new features that will help smoothen the process involved in the eventual launch of its mainnet. This launch is going […]

2018-12-4 23:09


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Zilliqa cuts monthly mining rewards by 50%, leading to ZIL price surge

Zilliqa has announced that the community proposal to halve monthly mining rewards has passed, marking a significant step as the project prepares to transition to a proof-of-stake (PoS) network. The news boosted Zilliqa’s (ZIL) price, which surged 8% in the past 24 hours, reaching levels last seen in late September. ZIL community adopts key proposal […]

Zilliqa Group and EMURGO partner to bridge Cardano and Zilliqa ecosystems

Zilliqa Group, the web3 platform behind the Zilliqa (ZIL) blockchain, has partnered with EMURGO, the blockchain company supporting Cardano (ADA) development and adoption. This alliance aims to create a bridge between the ADA and ZIL blockchain ecosystems, leveraging the strengths of both platforms to promote interoperability and innovation.

Zilliqa jumps 5% amid Google Cloud ‘strategic alliance’

Google Cloud joins the Zilliqa (ZIL) network as a staked seed node operator to scale the blockchain’s resilience and data availability. Google’s cloud provider, Google Cloud, is expanding the list of supported blockchain networks by signing a multi-year strategic alliance…