Hi friends hope you are well, and welcome to the new update on Zilliqa coin.
On a weekly time frame chart, Zil broke out the resistance of a big falling wedge pattern in March 2022, and after getting rejected by the resistance of $0.23 it dropped down and re-tested the resistance of the wedge as support in the month of May 2022, but since then it is still moving above the resistance of this wedge pattern. Now on a daily time frame, Zil has broken down a triangle but found another support at $0.0.035, and volume is also not supping this breakdown because the volume is quite low, therefore, unless this support is not saved a price reversal is possible from here.
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