$ZIL is down 96% from its high. And Binance is showing a security warning. 👀
Monthly chart snapshot:
📉 7D: -9.07%
📉 30D: -53.97%
📉 90D: -29.87%
📉 180D: -60.91%
📉 1Y: -79.32%
After the 0.04494 spike high, ZIL has been making lower highs for months. Price is now 0.001635, sitting near the monthly low around 0.00154. In the last 24h it touched 0.002193 and gave most of it back. That kind of wick usually means sellers are using every bounce to exit.
Price is also well below the monthly MA(7) at 0.002714 and MA(25) at 0.008414, so overhead supply is heavy.
Levels I'm watching:
Support: 0.001604 (24h low), then 0.00154 (monthly low)
Resistance: 0.002193 (24h high), then 0.002714 (MA7)
The order book shows 57% bids vs 43% asks, a slight edge for buyers, but that is thin confirmation on a chart this weak. I need a strong monthly close back above 0.002714 before calling any trend change. A break below 0.00154 means fresh lows.
⚠️ Important: Binance is showing a risk warning about a security incident related to this protocol's liquidity pool. Check the news before you size any position.
Is this a capitulation bottom or just another leg down? Drop your take below 👇
Not financial advice. DYOR.
#zil #Layer1 #Layer2 #cryptotrading #BinanceSquare
$ZIL
Monthly chart snapshot:
📉 7D: -9.07%
📉 30D: -53.97%
📉 90D: -29.87%
📉 180D: -60.91%
📉 1Y: -79.32%
After the 0.04494 spike high, ZIL has been making lower highs for months. Price is now 0.001635, sitting near the monthly low around 0.00154. In the last 24h it touched 0.002193 and gave most of it back. That kind of wick usually means sellers are using every bounce to exit.
Price is also well below the monthly MA(7) at 0.002714 and MA(25) at 0.008414, so overhead supply is heavy.
Levels I'm watching:
Support: 0.001604 (24h low), then 0.00154 (monthly low)
Resistance: 0.002193 (24h high), then 0.002714 (MA7)
The order book shows 57% bids vs 43% asks, a slight edge for buyers, but that is thin confirmation on a chart this weak. I need a strong monthly close back above 0.002714 before calling any trend change. A break below 0.00154 means fresh lows.
⚠️ Important: Binance is showing a risk warning about a security incident related to this protocol's liquidity pool. Check the news before you size any position.
Is this a capitulation bottom or just another leg down? Drop your take below 👇
Not financial advice. DYOR.
#zil #Layer1 #Layer2 #cryptotrading #BinanceSquare
$ZIL
