Is Zilliqa (ZIL) Heading the Wrong Direction Friday?

Friday, September 22, 2023 03:05 PM | InvestorsObserver Analysts

InvestorsObserver gives Zilliqa a strong short-term technical score of 87 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ZIL has currently traded better than 87% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Zilliqa a 87 Short-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 $0.003139 (21.32%) above its 30-day low of $0.014719962 and -$0.000224 (-1.24%) below its 30-day high of $0.01808252. Additionally, ZIL is above its average price of $0.016375421 over the past month of trading with its current price of $0.017858690. Overall, the recent trading history of Zilliqa suggest that traders are currently bullish on the coin. ZIL has a average market cap compared to the majority of coins with a total market value of $283,376,332.31. The market valuation for Zilliqa is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ZIL sits underneath that mark but remains above $100 million in market capilization. Zilliqa's average volume is average as $214,007,548.24 worth of the coin is typically traded over a 24 hour period. The volume for ZIL is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours ZIL's volume is below its average with $43,733,065.63 exchanged. Zilliqa'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

Zilliqa's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Zilliqa (ZIL).