- $ZIL shows strong divergence, hinting at major upside.
- Price could climb back to the $0.044 range.
- A larger bullish reversal may be underway.
Zilliqa ($ZIL), a blockchain platform known for its scalability and sharding technology, is drawing attention with a technical setup that suggests a major bullish move could be on the horizon. Currently, ZIL is showing a massive bullish divergence, a classic sign that a trend reversal may be imminent.
Technical analysts often use divergence—when price moves in the opposite direction of a momentum indicator—to spot early trend changes. In ZIL’s case, despite recent price weakness, momentum indicators like the RSI are signaling a buildup of strength. This sets the stage for what could be a significant price recovery.
Price Target: $0.044 and Beyond?
Market observers are now eyeing a return to the $0.044 range, representing a potential 300% price increase from current levels. While hitting this target alone would mark a significant win for holders, it may also serve as a launchpad for a larger bullish reversal in the medium term.
Zilliqa has seen such sharp recoveries in the past, especially when major divergences were in play. The current technical setup mirrors previous instances that led to explosive rallies. If bullish momentum builds further, $ZIL could not only reach its short-term target but also break into higher resistance zones.
What Could Drive the Rally?
Several factors could fuel this optimistic outlook:
- Renewed interest in Layer-1 protocols.
- Growing developer activity on the Zilliqa chain.
- Broader market recovery led by Bitcoin and Ethereum .
However, as with all crypto investments, volatility is part of the game. While the setup is promising, traders should always manage risk and keep a close eye on market developments.
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