$ZIL : The Breakout Retest — Launchpad or Fakeout?
The market is currently watching Zilliqa (
$ZIL ) like a hawk. After a powerful impulse move that caught everyone’s attention, the price has entered a critical consolidation phase right above the primary breakout level.
Here’s the technical breakdown of why this zone is the "line in the sand" for bulls.
🔍 Technical Breakdown
1H Timeframe (Short-Term Momentum):
On the 1-hour chart,
$ZIL is grinding sideways in a tight range. While the initial surge was sharp, the price is successfully holding the 0.00420 level as a new floor. RSI is stabilizing near neutral territory, suggesting the "overbought" pressure has cooled off—leaving room for the next leg up. As long as we hold above 0.00415, the bulls remain in the driver’s seat.
4H Timeframe (Structural View):
Zooming out, the structure is undeniably bullish. We are seeing a classic "bull flag" or consolidation above horizontal resistance-turned-support. Volume is tapering off, which typically precedes a major volatility expansion. A decisive 4H close above current consolidation will likely trigger a fast move toward the first target.
🎯 The Trade Setup: Precision Entry
If you’re looking to play the continuation, here is a structured plan based on the current price action:
Entry Zone: 0.00420 – 0.00435
Take Profit 1: 0.00470 (Initial Resistance)
Take Profit 2: 0.00510 (Mid-term Target)
Take Profit 3: 0.00570 (Major Supply Zone)
Stop Loss: 0.00395
💡 Pro Tip: Keep an eye on $BTC. If Bitcoin remains stable or trends upward,
$ZIL ’s bullish structure is much more likely to play out. Altcoins are currently high-beta; they move faster when the market leader is healthy.
⚠️ Risk Assessment
The structure is strongly bullish, but stay nimble. A breakdown and candle close below 0.00395 invalidates this setup, indicating the move was a "bull trap" and potentially leading to a deeper retest of the 0.00370 liquidity pool.
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