What do the Short-Term Technicals Predict for Zilliqa (ZIL) Thursday?

Thursday, August 25, 2022 09:07 AM | InvestorsObserver Analysts

InvestorsObserver gives Zilliqa a strong short-term technical score of 80 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 80% 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 80 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 $0.004029 (11.22%) higher than its 30-day low price of $0.035919242 while also -$0.009114 (-18.58%) lower than its high of $0.04906274 from the past month of trading. Meanwhile, ZIL's current price of $0.039948637 is under its average price of $0.042347261 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Zilliqa suggest that traders are currently bullish on the coin. Zilliqa's market cap of $527,740,827.02 is relatively average for a coin. 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. Meanwhile, ZIL's average volume is average with $1,369,532,742.73 worth of the coin traded over an average 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 last 24 hours, ZIL's volume is below its usual with $215,389,402.47 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 price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Zilliqa (ZIL).