ZIL Technical Analysis: Triple Bottom Breakout Eyes The $0.058 Mark

ZIL coin completes a bullish pattern teasing a 20% jump. Key technical points: The post-retest rally would soar ZIL price by 20% The upcurved 20-day EMA suggests the rising bullish momentum Finally, the 24-hour trading volume of Zilliqa is $85.5 Million, marking a 70.4% rise. Past Performance of ZIL The February sell-off plummeted the ZIL price to January low support at $0.377, resulting in a 35% devaluation. Furthermore, the buyers tried to breach the overhead ceiling of $0.466, but the sellers mounted a stiff resistance and reverted the coin to bottom support. The ZIL resonated between the mentioned levels for around a month, suggesting a range formation. Source-Tradingview ZIL Technical Analysis During the consolidation phase, the Zilliqa price retested the $0.377 support thrice, suggesting a strong accumulation zone for long traders. The technical chart also indicated the formation of a bullish triple bottom with the neckline at $0.466. On March 23rd, the buyers gave a decisive breakout from the neckline resistance, providing a long entry opportunity for traders. The Recovery rally breached the 20-and-50-day EMAs, indicating buyers are wresting control from sellers. Moreover, the Zilliqa price could reclaim the 100-day EMA as the bullish momentum grows. RSI Indicator: Following an evident bullish divergence, the RSI slope shows a parabolic rally charging stringent to the overbought region. MACD Indicator: The MACD and sign...