Is Zilliqa (ZIL) Heading the Right Direction Monday?

Monday, August 15, 2022 12:39 PM | InvestorsObserver Analysts

InvestorsObserver gives Zilliqa a strong long-term technical score of 82 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ZIL at this time has a superior long-term technical analysis score than 82% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Zilliqa a 82 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

The current trading price of $0.046132364 for ZIL is $0.0008161 (1.80%) above the coins 100-day moving average of $0.045316282. ZIL meanwhile is $0.0165163 (-36986.20%) above its 52-week low of $0.029616095 and -$0.18199579 (-4363.28%) under its 52-week high price of $0.228128150. Zilliqa's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 82. The price movement and range of ZIL suggest that investors are neutral on the coin at this time. Zilliqa has a total market value of $607,600,458.96 with an average average daily volume of $1,857,318,130.40 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 $254,740,418.82 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

ZIL's historical trading over the past year gives it a a strong long-term technical score of 82 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Zilliqa (ZIL).