Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Oxumare on June 10, 2020, 03:06:27 PM
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Zilliqa may be due for a correction after monstrous gains as ZIL's price is running into some considerable resistance levels on the charts.
While the price of Bitcoin (BTC) has been consolidating under $10,000, several altcoins have shown tremendous rallies such as Theta Token (THETA) and Zilliqa (ZIL).
Zilliqa, in particular — the 40th-ranked cryptocurrency by market capitalization — has seen a surge of 950% since the crash in March, which warrants an analysis of whether ZIL’s monster rally is finished or just getting started.
Zilliqa rallies toward $0.02 after hitting a bottom of $0.0022 in March
After Zilliqa hit its cycle low at $0.0022, the cryptocurrency rallied massively toward $0.02. That’s a surge of 950% and is one of the largest in recent times.
However, as the chart shows, the price of Zilliqa is currently inside a resistance area in which it’s not expected to see a further move to the upside.
Read More (https://cointelegraph.com/news/zilliqa-zil-beats-bitcoin-with-950-gains-since-march-whats-next)