Zilliqa Price is trading below the important trend line which where support levels to hold the trend up. Now it is trading below them that is meaning that the trend is now bearish. The next times there can come a consolidation before going ahead and going more downside. When ZILUSD falls below the 55-EMA this will be a bearish sign.
Zilliqa Price Analysis: 1 Day Chart
The RSI is consolidating in the middle line this means it can continue to the oversold region. The MACD
made a bearish cross which is certainly highly bearish. Overall the trend goes to the downside so it is possible to see more of it the next time.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at email@example.com