$ZIL or $ETH for the next leg? Only one. ⚔️
ZIL is getting smoked: $0.001179, down 13.31% in 24h, with $1.24M volume. The 4h RSI is 18, so this is deeply oversold, but price is still below the 20d and 50d averages.
Bearish stack.
Shorts are paying 0.043%. Interesting. At $0.0012, I’d wait for a reclaim instead of catching this knife. Volume is only 1.2x its 20d average, so there’s no real capitulation yet. The rival has the cleaner chart. ZIL has the sharper bounce setup. Pick a side in the replies. 🔥
#ZIL #Web3
ZIL is getting smoked: $0.001179, down 13.31% in 24h, with $1.24M volume. The 4h RSI is 18, so this is deeply oversold, but price is still below the 20d and 50d averages.
Bearish stack.
Shorts are paying 0.043%. Interesting. At $0.0012, I’d wait for a reclaim instead of catching this knife. Volume is only 1.2x its 20d average, so there’s no real capitulation yet. The rival has the cleaner chart. ZIL has the sharper bounce setup. Pick a side in the replies. 🔥
#ZIL #Web3