$ZIL /USDT Market Outlook and Technical Breakdown
#ZIL /USDT is currently trading around 0.00436, reflecting short term bearish pressure after a sharp rejection from higher levels. On the 4 hour timeframe price remains below the Bollinger middle band near 0.00443, indicating weak momentum and continued seller dominance. The upper Bollinger band around 0.00484 is acting as immediate resistance, while the lower band near 0.00401 defines a critical support zone. A breakdown below this range could expose ZIL to deeper downside toward the previous swing low around 0.00336, which remains a key demand area.
The recent price structure shows a brief recovery spike followed by consolidation, suggesting that buyers are struggling to maintain strength. Volume has not expanded meaningfully during upward moves, which reduces the probability of a strong bullish continuation in the short term. RSI on the 4 hour chart is hovering near 39, remaining below the neutral 50 level. This reflects weak buying pressure but also hints that the asset is approaching oversold conditions, where a short term bounce is possible.
If ZIL manages to reclaim and hold above 0.00450 with increasing volume, a move toward 0.00480 and potentially 0.00500 could follow. However, failure to hold above 0.00420 may keep price trapped in a bearish consolidation range. Overall, the trend remains cautious to bearish in the near term, with traders watching support reactions closely for confirmation of either continuation or reversal.
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