Zilliqa (ZIL): Does it Score Well on Short-Term Trading Metrics Saturday?

Saturday, July 02, 2022 08:40 AM | InvestorsObserver Analysts

Zilliqa receives a weak short-term technical score of 19 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ZIL holds a better recent technical analysis than 19% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Zilliqa a 19 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 $0.009153 (30.91%) above its 30-day low of $0.029616095 and -$0.016917 (-30.38%) below its 30-day high of $0.05568613. Additionally, ZIL is under its average price of $0.042406338 over the past month of trading with its current price of $0.038769034. Overall, the recent trading history of Zilliqa suggest that traders are currently bearish on the coin. ZIL has a relatively average market cap for a coin with a total market value of $503,689,817.73. 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 $1,619,511,478.92 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 $255,069,107.00 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 weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on Zilliqa (ZIL).