Zilliqa [ZIL] might be headed an a downward trajectory but here’s the caveat - Aliens: AI Crypto News & Markets Updates
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Zilliqa [ZIL] might be headed an a downward trajectory but here’s the caveat

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AMB Crypto

Sun, May 22, 2022

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Aliens TLDR

ZIL traded at $0.061 at the time of writing, after a 19% rally in the last 24 hours.

This was also the case for ZIL but it appears to be pulling a healthy rally.

If the price was to maintain its ongoing rally, it would have to rally by roughly 36% from its current position to its next Fibonacci level at $0.085.

ZIL’s market cap registered a significant upside in the last few days, but the supply held by whales has not registered any significant upside.

A lack of interest by the whales means ZIL’s rally might be due for some downward correction as some investors take profit.

The current rally was fueled by accumulation on the heels of Zilliqa’s Web3 alliance launch on 19 May. The development activity metric registered significant activity in the days leading up to the announcement.

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