Zilliqa price has broken out of a bullish consolidation pattern suggesting a potential 60% upswing shortly. However, a specific technical indicator's sell signal hints that this uptrend will not be a walk in the park.
Zilliqa price has established a series of lower highs and higher lows since February 13, forming a pennant. However, considering the 168% upswing seen between January 27 and February 12 as a "flag pole," ZIL seems to be traversing a bullish pennant.
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