#ZILUSDT Recent technical data shows ZIL breaking key support levels and continuing bearish momentum. �
AInvest
Key support around $0.00424 was broken with strong volume, confirming bearish sentiment. �
AInvest
RSI nearing oversold (~30) suggests selling pressure is strong, though it could hint at a short bounce later. �
AInvest
Price remains under major moving averages, a bearish sign for trend followers. �
Bitget
Technical takeaway:
📌 Bearish on short timeframe; ZIL may test lower support near $0.00417 if selling continues. �
AInvest
📊 Sentiment & Positioning (Long vs. Short)
Data from major futures platforms indicates substantial short positioning relative to longs:
On Gate perpetual markets, shorts are a significant share (~48%) of positions. �
Gate.com
This suggests that traders are positioned for more downside or are hedging against further drops.
📰 Recent News & Catalysts
⚠️ Bearish Market Signals
ZIL recently slid due to exchange delistings (Binance removed some pairs) and supply increases, pressuring liquidity. �
Bitget
Technical indicators (MACD, EMAs) continue to reflect a bearish trend on daily charts. �
Bitget
🔄 Mixed Longer-Term Factors
Upcoming network upgrades and ecosystem developments can bring volatility both ways. �
BeInCrypto
Broader market sentiment and BTC trends still play a major role. �
CryptoRank
📌 Short-Bias Conclusion (Summary)
Downside bias remains for ZIL in the very short term:
Support broken with confirmed bearish volume. �
AInvest
Short positions are relatively high in derivatives markets. �
Gate.com
Technicals under pressure, with RSI near oversold and price under EMAs. �
Bitget
What to watch next:
✅ Immediate support: $0.00417 – $0.00424 (possible short-term bounce area). �
📈 Resistance if recovery begins: $0.0050+ (break of bearish range). �#USIranStandoff #RiskAssetsMarketShock #EthereumLayer2Rethink? $ZIL
