Is Zilliqa (ZIL) Heading the Right Direction Friday?

Friday, August 05, 2022 06:09 PM | InvestorsObserver Analysts

Zilliqa receives an average long-term technical score of 42 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ZIL holds a superior long-term technical analysis score than 42% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Zilliqa a 42 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zilliqa!

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Trading Analysis

ZIL is currently -$0.0045283 (-9.27%) below its 100-day moving average price of $0.048864649 with its current price of $0.044336388. Meanwhile, Zilliqa is $0.0147203 (-36992.26%) above its 52-week low price of $0.029616095 and -$0.18379176 (-4364.07%) below its 52-week high of $0.228128150. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 42. Trends for the long-term trading history of Zilliqa suggest that traders are currently bearish on the coin. Zilliqa has a total market value of $582,189,581.75 with an average average daily volume of $1,112,856,130.20 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ZIL's volume is below its average with $209,005,959.15 exchanged in total. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Technical analysis of Zilliqa over the past year results in the crypto receiving a an average long-term technical score of 42 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Zilliqa (ZIL).