I checked $ZIL again because the latest price action is telling a different story from the earlier setup.
ZIL is around $0.00278, with CoinMarketCap showing a 24H range of roughly $0.002699–$0.002874. That is about a 6.5% intraday range, so there is enough movement to trade, but chasing the middle of that range still doesn't appeal to me.
The bigger picture has improved from the August 18 low near $0.00219. Price pushed above $0.00275 and is now holding around that area, but the real test remains $0.00287–$0.00290. Recent daily data also shows repeated rejection around the $0.00288–$0.00299 region.
On the daily structure, the recent seven-session average is roughly $0.00267, putting current price above that short-term trend zone. That's constructive, but it doesn't mean the resistance has disappeared.
Volume is where I stay cautious. CoinMarketCap currently reports about $2.87M in 24H volume, while recent daily trading activity has been much larger on some sessions. That tells me the rebound is not currently carrying the same participation seen during the strongest August moves.
What I like
• Price holding above the recent $0.00267–$0.00270 area
• Higher structure compared with the August 18 low
• $0.00287 is clearly visible as the next liquidity test
• Current price is still above the recent short-term average
What I don't like
The rally is running into resistance, while current volume isn't convincing enough for me to chase a breakout.
There is also a fundamental risk that cannot be ignored: Zilliqa says 683.13M ZIL was proven stolen in the Ledger security incident, legacy transactions remain paused, and the network is moving toward Zilliqa EVM with migration work still underway.
My plan: CONDITIONAL LONG
I would rather buy a controlled pullback than chase $0.00287.
Entry: $0.00274–$0.00278
SL: $0.00268
TP1: $0.00288
TP2: $0.00300
TP3: $0.00318
Using $0.00276 as the entry reference and $0.00268 as the invalidation, the risk is about 2.9%.
TP1 gives roughly 1.5:1, TP2 around 3.0:1, and TP3 around 5.3:1.
I would only take it if $0.00274–$0.00276 actually holds and buyers show up. If ZIL simply drifts lower through that zone, the setup disappears.
Key resistance: $0.00287–$0.00290
Major resistance: $0.00300
Support: $0.00274–$0.00276
Structural invalidation: $0.00268
If price breaks $0.00290 with a clear volume expansion, I would reassess for a breakout/retest trade instead of using the pullback setup.
For now, I'm not chasing. The chart has improved, but confirmation still matters more than the green candles.
Does $ZIL defend $0.00274 and build another attack on $0.00290, or does the current volume weakness turn this rebound into another rejection?