Zilliqa (ZIL) Beats Bitcoin With 950% Gains Since March, What’s Next?

[Oxumare]

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.

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