ZILUSDT is doing without a strong correction so far, but it is still present. The price is currently in the green zone relative to the previously broken resistance.
The resistance line of the descending channel plays a key role at the moment. If the trend break is finally confirmed, the price can show strong growth to 0.0500 and 0.0700.
BUT! The cryptocurrency market is being dragged down by the correction of bitcoin and several large-cap coins. The flagship is in a correction phase at the moment, so the local decline of the whole market may continue.
Strong support: upper boundary of descending channel, level 0.0310
Strong resistance: 0.0365
I expect the formation of consolidation or false breakdown of the support with the further growth of the price towards 0.0500
The resistance line of the descending channel plays a key role at the moment. If the trend break is finally confirmed, the price can show strong growth to 0.0500 and 0.0700.
BUT! The cryptocurrency market is being dragged down by the correction of bitcoin and several large-cap coins. The flagship is in a correction phase at the moment, so the local decline of the whole market may continue.
Strong support: upper boundary of descending channel, level 0.0310
Strong resistance: 0.0365
I expect the formation of consolidation or false breakdown of the support with the further growth of the price towards 0.0500