ZIL/USDT 1H
If the price holds above the 0.01764 support level and breaks the 0.01823 and 0.01835 resistance, we could see a continuation of the uptrend. However, if the price falls below support, especially 0.01725, we could be looking at a deeper correction, as on the one hand, the RSI suggests that the market may be overbought, which could indicate a correction soon. On the other hand, the MACD shows a buying momentum, suggesting that the uptrend may continue.
Without a doubt, Zilliqa's main innovation is Sharding. By using sharding, Zilliqa divides its network into several smaller parts, called shards, that process transactions and smart contracts in parallel. This allows the blockchain to achieve a high number of transactions per second (TPS) as the network grows, a crucial aspect for scalability.
Good end of the week
🔸Main support levels: 0.01764/ 0.01725
🔸Main Resistance Levels: 0.01823 / 0.01835
➡️RSI: Exhaustion of forces BUYERS
➡️MACD: Buyer
Symbol: ZIL
Maximum supply: 21,000,000,000 ZIL
Consensus: Proof of Work
Released in: 2018
Official website: www.zilliqa.com/
If the price holds above the 0.01764 support level and breaks the 0.01823 and 0.01835 resistance, we could see a continuation of the uptrend. However, if the price falls below support, especially 0.01725, we could be looking at a deeper correction, as on the one hand, the RSI suggests that the market may be overbought, which could indicate a correction soon. On the other hand, the MACD shows a buying momentum, suggesting that the uptrend may continue.
Without a doubt, Zilliqa's main innovation is Sharding. By using sharding, Zilliqa divides its network into several smaller parts, called shards, that process transactions and smart contracts in parallel. This allows the blockchain to achieve a high number of transactions per second (TPS) as the network grows, a crucial aspect for scalability.
Good end of the week
🔸Main support levels: 0.01764/ 0.01725
🔸Main Resistance Levels: 0.01823 / 0.01835
➡️RSI: Exhaustion of forces BUYERS
➡️MACD: Buyer
Symbol: ZIL
Maximum supply: 21,000,000,000 ZIL
Consensus: Proof of Work
Released in: 2018
Official website: www.zilliqa.com/