Zilliqa’s native token ZIL is currently trading in the ZIL/USDT pair with noticeable volatility. According to your screenshot, recent price action shows a mid-day rally followed by consolidation around 0.0071 USDT — a short-term gain after a low near 0.0044 USDT. This suggests buyers stepped in after a dip, but there remains uncertainty about direction.
Price trends over different time frames (today, 7 days, 30 days) show strong short-term performance, while longer periods like 180 days and 1 year remain negative, indicating longer-term downtrend pressure.
This mixed price action reflects broader sentiment: short-term strength but longer-term weakness. Traders should watch key resistance (near recent top) and support zones closely for breakout or breakdown signals.
🧠 What is Zilliqa (ZIL)?
Zilliqa is a high-throughput blockchain designed for scalability, smart contracts, and decentralized applications (dApps). Its key features include:
🔹 Sharding Technology
Unlike many blockchains that process transactions sequentially, Zilliqa splits the network into smaller groups (“shards”), allowing many transactions to be processed in parallel — greatly increasing throughput.
🔹 EVM Compatibility
The network supports full Ethereum Virtual Machine (EVM) compatibility, meaning developers can deploy standard Ethereum dApps using familiar tools like MetaMask and Hardhat, but with lower fees and faster finality.
🔹 Native Token – ZIL
ZIL is the native utility token used to:
Pay transaction and smart contract fees
Stake for rewards and governance participation It has a maximum supply of 21 billion tokens with a circulating supply increasing as network activity grows.
📉 Recent Market Developments
🔻 Exchange Delistings
In January 2026, Binance delisted ZIL/BTC and ZIL/ETH pairs, focusing liquidity on USDT pairs. While this simplifies trading for stable-coin users, it also reduces liquidity and arbitrage, which can weaken short-term price support.
🔻 Supply Increase
Upbit reported a quarterly increase of ~443 million ZIL tokens entering circulation. This rise can dilute value if demand doesn’t keep pace, leading some traders to push prices lower.
🔹 Network Upgrades
The Cancun hard fork was activated to improve performance and control — a potentially positive long-term development if it attracts more developers and users.
📉 Technical Factors Affecting ZIL Price
Technical indicators from recent analysis show:
Price trading below major moving averages
Bearish momentum still present
RSI near oversold but not clearly reversing
These suggest market sellers still exert influence, and ZIL needs a strong volume breakout above resistance to confirm bullish reversal. 📌 Why Zilliqa Matters in Crypto
Despite price volatility, Zilliqa remains an important crypto project because of:
✔️ Scalability via sharding — solving a core blockchain bottleneck ✔️ EVM compatibility — bridging Ethereum ecosystem tools ✔️ Staking & governance — engaging holders in network decisions ✔️ Low fees & high throughput — attractive for DeFi and apps
These features differentiate it from many Layer-1 alternatives and support long-term ecosystem potential. 🧾 Conclusion & What to Watch
ZIL’s price chart — including your screenshot — reflects short-term gains within a broader bearish context. Key things to monitor:
📌 Resistance breakout or failure to hold support levels 📌 Liquidity flow moving into stable pairs like ZIL/USDT 📌 Impact of network upgrades on developer activity 📌 Supply dynamics affecting circulating tokens
Traders and investors should combine technical analysis, market news, and fundamental developments before making decisions. If you want, I can also write this article in Urdu, Punjabi or Hindi for local audiences — just tell me!