Is Zilliqa (ZIL) Trending Lower or Higher Thursday?

Thursday, July 07, 2022 01:15 PM | InvestorsObserver Analysts

InvestorsObserver gives Zilliqa an average short-term technical score of 64 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 64% 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 64 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

Zilliqa is $0.011731 (39.61%) higher than its 30-day low price of $0.029616095 while also -$0.012193 (-22.77%) lower than its high of $0.05354019 from the past month of trading. Meanwhile, ZIL's current price of $0.041347377 is above its average price of $0.040608556 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Zilliqa suggest that traders are currently neutral on the coin. ZIL has a relatively average market cap for a coin with a total market value of $538,107,835.87. 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 meanwhile is average with $1,747,770,269.40 worth of the coin traded over a typical 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. As of the past 24 hours, ZIL's volume is below its average with $149,038,181.22 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 an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on Zilliqa (ZIL).