Hello everyone! Many cryptocurrencies have already shown good growth and while they consolidate in trading ranges, we have Zilliqa. Currently, the asset has broken an important Fibonacci level of 0.236, but its upward momentum was halted by the 200-day Exponential Moving Average (EMA).
A breakout above the EMA 200 will pave the way for the next Fibonacci level of 0.618 from the current values, which is a potential increase of 38%.
Further upward movement towards the price resistance level around $0.033 can be expected, which represents a potential gain of 61%.
In a market with positive sentiment, one could anticipate further upward movement towards the next Fibonacci level of 1.618 or a potential increase of 147% from the current values.
The RSI also appears bullish.
This is not financial advice; all actions are taken at your own risk!
A breakout above the EMA 200 will pave the way for the next Fibonacci level of 0.618 from the current values, which is a potential increase of 38%.
Further upward movement towards the price resistance level around $0.033 can be expected, which represents a potential gain of 61%.
In a market with positive sentiment, one could anticipate further upward movement towards the next Fibonacci level of 1.618 or a potential increase of 147% from the current values.
The RSI also appears bullish.
This is not financial advice; all actions are taken at your own risk!