Zilliqa Price Prediction: Will Zilliqa Hit the $0.05 Price Level?

Summary:

In the past three days, Zilliqa's price surged by 20 per cent to reach price highs of $0.043. However, today's drop may signal a reversal.

In the past three days, Zilliqa’s price surged by 20 per cent to reach price highs of $0.043. However, despite opening today’s trading session strongly and gaining almost 3 per cent in the early hours, Zilliqa’s intraday trading has caused it to drop by a percentage point from its opening price. The session also looks aggressively bearish now,

Zilliqa’s trading volume has gone up by 79 per cent in the past 24 hours, bringing the total to over $363 million. The surge in volume has been one reason we have seen the crypto’s continued rise in the markets for the past few days, with more traders investing on the platform.

The recovering cryptocurrency industry has also contributed to the current bull push, which returned above the $1 trillion market capitalization yesterday. Today, almost all major cryptocurrencies, including Bitcoin and Ethereum, are up a sign of recovery for the industry.

Zilliqa has also continued to get into partnerships with other platforms. This week, the company announced a collaboration with Alien Worlds, a gaming platform. According to the reports, the partnership will see Alien Worlds bring new in-game features using Zilliqa’s eSports partners. The integration will help Alien Worlds introduce a new combination of blockchain gaming and competitive gaming. Such a move in the markets may also be contributing to more investors coming into the project.

Zilliqa Price Prediction

Looking at the chart below, today’s trading session, despite starting strongly, shows an aggressive push to the downside. At press time, the price is down by 2 per cent. However, my bullish price prediction for the crypto has not changed even with the current push to the upside.

This is because a market correction was poised to happen after the last three-day consecutive bull run that resulted in prices rising by 20 per cent. Therefore, looking at the chart below, I expect the prices to soon hit the $0.045 price level. There is a high likelihood that we will also see prices trading above $0.050, a 20 per cent gain from the current Zilliqa price.