Question 1

Why is ZIL’s price down today? (08/10/2025)

Accepted Answer

## TLDR  
Zilliqa (ZIL) rose 0.19% over the last 24h, but the move is negligible compared to its 7-day (-1.3%) and 30-day (-7.4%) declines. Mixed technical signals and muted market-wide risk appetite for altcoins contribute to the stagnation.

1. **Weak Technical Structure** – Price trades below key moving averages, signaling bearish momentum.  
2. **Upcoming Hard Fork Uncertainty** – ProBit Global’s suspension of ZIL deposits/withdrawals ahead of a Sept 24 network upgrade may dampen sentiment.  
3. **Altcoin Weakness** – Bitcoin dominance rose to 58.35%, diverting liquidity from mid-cap alts like ZIL.

## Deep Dive

### 1. Weak Technical Structure (Bearish Impact)  
**Overview:**  
ZIL trades at $0.0107, below its 7-day SMA ($0.011) and 30-day SMA ($0.0113). The RSI-7 at 39.98 nears oversold territory but hasn’t triggered a reversal, while the MACD histogram shows weak bullish momentum (+0.0000238).

**What this means:**  
Persistent trading below key moving averages suggests sellers dominate. The RSI’s failure to break above 50 despite bullish divergence (as noted in [July 2025 analysis](https://cryptonewsland.com/zilliqa-zil-prints-strong-bullish-divergence/)) reflects low conviction. Resistance at the pivot point ($0.01079) caps upside attempts.

**What to look out for:**  
A sustained break above $0.01079 could signal short-term relief, while a drop below $0.01007 (July 2025 swing low) risks accelerating selling.

---

### 2. Network Upgrade Preparations (Mixed Impact)  
**Overview:**  
ProBit Global [announced](https://www.probit.com/en-us/hc/1000000592659) a suspension of ZIL deposits/withdrawals starting Sept 24 ahead of a hard fork. While upgrades aim to improve functionality, exchange halts often precede reduced liquidity and speculative caution.

**What this means:**  
Traders may avoid accumulating ZIL until post-upgrade stability is confirmed. However, the upgrade itself (transitioning to Zilliqa 2.0 with EVM compatibility) could boost utility long-term.

---

### 3. Altcoin Liquidity Drain (Bearish Impact)  
**Overview:**  
Bitcoin’s dominance rose to 58.35% this week, while the Altcoin Season Index fell 12.9% – signaling capital rotation away from smaller cryptos. ZIL’s 24h volume of $17.1M remains 75% below its July 2025 peak.

**What this means:**  
ZIL’s low liquidity exacerbates volatility risk. With the broader market in “Neutral” sentiment (Fear & Greed Index: 55), traders favor safer large caps over mid-tier alts.

---

## Conclusion  
ZIL’s stagnation reflects technical weakness, pre-upgrade caution, and a challenging environment for altcoins. While the hard fork could strengthen fundamentals, short-term momentum hinges on reclaiming $0.01079 resistance.

**Key watch:** Can ZIL hold above its 24h low of $0.01007 if Bitcoin dominance continues rising?

Question 2

Why is ZIL’s price up today? (07/10/2025)

Accepted Answer

## TLDR
Zilliqa rose 1.08% in the past 24h, continuing a 7-day 8% gain despite remaining down 2% over 30 days. Key drivers include:

1. **Network Upgrade Anticipation** – ProBit Global confirmed support for Zilliqa's September 24 hard fork, signaling ecosystem readiness.  
2. **Technical Breakout Signals** – Bullish broadening wedge pattern and improving RSI/MACD indicators suggest growing momentum.  
3. **Zilliqa 2.0 Momentum** – Sustained optimism from June's successful mainnet launch (99.7% uptime, 2B+ ZIL staked).

## Deep Dive  
### 1. Network Upgrade Preparation (Bullish Impact)  
**Overview:** Exchanges like ProBit Global announced support for Zilliqa’s September 24 network upgrade and hard fork, temporarily suspending deposits/withdrawals to ensure smooth migration. This follows successful implementation of Zilliqa 2.0 in June 2025, which transitioned to PoS and EVM compatibility.

**What this means:** Protocol upgrades often trigger speculative buying as traders anticipate improved functionality (lower fees, faster transactions) and reduced sell pressure during deposit freezes. The 7-day price gain (+8%) aligns with growing confidence in Zilliqa’s institutional-ready infrastructure.

**What to look out for:** Confirmation of post-upgrade stability and validator participation rates after September 24.

### 2. Technical Reversal Signals (Mixed Impact)  
**Overview:** ZIL’s RSI (51) and MACD histogram (+0.00005) show early bullish divergence, while price holds above the 30-day SMA ($0.0111 vs. SMA $0.0113). A broadening wedge pattern suggests potential upside if resistance at $0.0115 breaks.

**What this means:** Technical traders may interpret this as a reversal signal after ZIL’s 23% annual decline, though low volume (-9.77% 24h) tempers conviction. The 200-day EMA ($0.0127) remains a key resistance level to watch.

### 3. Zilliqa 2.0 Post-Launch Traction (Bullish Impact)  
**Overview:** Since June’s Zilliqa 2.0 launch, the network has maintained 99.7% uptime with 23 validators and 2B+ ZIL staked, addressing prior stability concerns.

**What this means:** Improved fundamentals (1.5s block times vs. 30s pre-upgrade) and EVM compatibility could attract developers, though adoption metrics (TVL, dApp launches) remain modest. The 8% weekly gain reflects lingering optimism about long-term institutional use cases.

## Conclusion  
ZIL’s 24h gain reflects a mix of technical momentum, upgrade preparations, and residual confidence from June’s successful network overhaul. However, low volume and unproven adoption post-Zilliqa 2.0 warrant caution.

**Key watch:** Can ZIL hold above $0.0113 (30-day SMA) and attract volume to confirm bullish technicals?

Latest Zilliqa (ZIL) Price Analysis

Why is ZIL’s price down today? (08/10/2025)

TLDR

Deep Dive

1. Weak Technical Structure (Bearish Impact)

2. Network Upgrade Preparations (Mixed Impact)

3. Altcoin Liquidity Drain (Bearish Impact)

Conclusion

Why is ZIL’s price up today? (07/10/2025)

TLDR

Deep Dive

1. Network Upgrade Preparation (Bullish Impact)

2. Technical Reversal Signals (Mixed Impact)

3. Zilliqa 2.0 Post-Launch Traction (Bullish Impact)

Conclusion

Explore Similar Coins

Decentraland

Harmony

Enjin Coin

VeChain

Holo

Chiliz