ZIL coin price shows a phenomenal bullish breakout in the weekly chart, touching $0.15. However, the sellers demand a retest of $0.10.

Key technical points:
<ul>
 	<li style="font-weight: 400">The MACD and signal lines enter the positive territory.</li>
 	<li style="font-weight: 400">The ZIL coin price has increased by 2.37% within the last 24 hours.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Zilliqa is $1.33 Billion, marking a 200% rise.</li>
</ul>
<h2>Past Performance of ZIL</h2>
The ZIL coin price action shows a phenomenal bullish breakout of a falling wedge pattern in the weekly chart. The breakout rally started from the dip at $0.038 to forming a peak at the $0.15 mark. However, the uptrend fails to surpass the $0.15 and faces higher price rejection resulting in a 22% fall last week.

<img src="https://s3.tradingview.com/snapshots/a/aWV2M1Qu.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/aWV2M1Qu/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>ZIL Technical Analysis </h2>
ZIL coin price shows a retracement rally approaching the $0.10 mark to retest the bullish breakout. Hence, a bearish weekend is in order for the Zilliqa coin as the selling pressure increases. 

The crucial daily EMAs maintain a bullish alignment in the weekly chart with a significant rise in the 50 and 100-day EMA to avoid bearish crossover. Hence, the EMAs play a substantial role in dynamic support in case of a downtrend.

RSI Indicator: The weekly-RSI slope shows a retracement from the overbought boundary and approaches the halfway line. Moreover, the 14-week average line shows a parabolic reversal from the nearly oversold zone. 

MACD Indicator: The MACD and signal lines enter the positive territory after the recent bullish crossover. Hence, the indicator projects a high possibility of an uptrend continuation after the retest. 

In a nutshell, the <a href="https://www.cryptoknowmics.com/news/zilliqa-zil-bullish-despite-a-33-drop-from-april-2022-highs/">ZIL</a> technical analysis emphasizes the increased possibility of a post-retest reversal from the $0.10 mark.
<h2>Upcoming Trend </h2>
The ZIL/USD weekly chart displays a bearish trend in motion after the outstanding bullish rally of 340% in March. However, the bearish trend emits a retest vibe which is why a reversal is due at the $0.10 mark. Short-term traders can find selling opportunities at the market price. 

Support Levels: $0.10 and $0.078

Resistance Levels: $0.13 and $0.15

ZIL Technical Analysis: Weekly Breakout Demands $0.10 Retest

ZIL coin price shows a phenomenal bullish breakout in the weekly chart, touching $0.15. However, the sellers demand a retest of $0.10.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ZIL Technical Analysis: Weekly Breakout Demands $0.10 Retest

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