Zilliqa / TetherUS

ZIL/USDT Keep an eye on the demand area. Possible Strong Bounce!

471
๐Ÿ’Ž ZIL has witnessed significant developments in the market.

๐Ÿ’Ž After experiencing a hard rejection upon hitting the Bearish OB area, ZIL has undergone a 30% drop, with the potential for further decline until reaching the demand area around 0.01815.

๐Ÿ’Ž A bounce from this demand area could signify a reversal, and if confirmed, ZIL may resume its upward movement, attempting to break out of the Bearish OB area and proceed towards the strong resistance area.

๐Ÿ’Ž However, if ZIL fails to bounce when reaching the demand area or even breaks down below it, this would be a concerning sign. The price could then continue its downward movement towards the key support area or potentially go even lower.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.