The Zilliqa Prize aims at the resistance level of $ 0.0851

The cryptocurrency market has a mixed start to the day, whereby some coins cut off well, while others cut off below average

Bitcoin and ether have risen by more than 1% in the last 24 hours, with BTC being close to $ 42,500, while Ether approaches the $ 3,000 mark.

The services of Cardano and XRP are not impressive because they have only increased by less than 1%. However, both claim their position as some of the top cryptocurrencies on the market. Polkadot and Dogecoin act in the red area, with Solana and Binance Coin being the best performers among the top ten cryptocurrencies after market capitalization.

Zilliqa (ZIL) has developed well in the past few hours and has now increased by more than 3%. It could increase higher in the coming hours if he maintains his current dynamic.

Zilliqa price view

The ZIL/USD 4-hour chart is still declining, since Zilliqa has not balanced the losses of the past few days. However, the technical indicators improve, whereby the relative strength index is now in the neutral area (45) and its MacD line is slowly moving towards the interest bully area.

ZIL is currently trading at $ 0.0797 per coin. If he maintains his positive start in the day in the next few hours, he will soon exceed his first major resistance at $ 0.0851 (0.0851 euros), his highest trading price yesterday. A longer phase of bullish performance of the wider cryptocurrency market would enable Zil to approach its next major resistance at $ 0.0930.

ZIL/USD 4-hour chart. Source: tradingview

If ZIL does not initiate a persistent rally, the resistance point should limit any short -term upward movement at $ 0.10. However, if the declining mood recover, ZIL could fall towards the first major level of support at $ 0.074. A longer loss period could lead to the first time since August testing the level of $ 0.063. The level of support at $ 0.0559 should limit further downward movements at short notice.