- Zilliqa’s price fell 3.6%, extending a seven‑day downtrend amid weak market sentiment.
- Delistings from exchanges and an increase in circulating supply on Upbit have reduced liquidity and added selling pressure.
- Technical indicators show ZIL trading below key EMAs and the RSI nearing oversold territory.
Zilliqa (ZIL) experienced a notable drop in price over the past 24 hours.
The token is currently trading at $0.004822, down 3.6%, underperforming the broader cryptocurrency market, which declined about 0.9%.
This move extends a seven‑day decline of roughly 7.75%, signaling persistent bearish sentiment among traders.
Exchange delistings and market liquidity
One of the main drivers behind ZIL’s recent weakness has been exchange delistings.
On January 23, 2026, Binance removed the ZIL/BTC spot trading pair as part of its market quality optimization.
This followed an earlier removal of the ZIL/BTC pair in June 2025.
Such delistings reduce liquidity and arbitrage opportunities for traders.
They also signal reduced exchange support, which can trigger sell‑offs as market participants adjust their positions.
With fewer direct BTC and ETH pairs available, ZIL now relies more heavily on USD‑stable pairs like ZIL/USDT for trading volume.
Traders are watching closely to see whether liquidity consolidates on the remaining pairs or fragments further.
Supply update adds downward pressure
Another factor weighing on ZIL is a recent increase in circulating supply.
Upbit announced an addition of 443,195,861 ZIL in Q1 2025.
That change raised circulating supply from about 19.905 billion to 20.349 billion ZIL.
The increase—roughly 2.2% of quarterly supply—reflects staking rewards, protocol inflation, and team token unlocks.
A larger supply can dilute the value of each token if demand does not grow proportionately.
Public confirmation of supply increases often draws attention to potential selling pressure, especially during weak market phases.
Combined with reduced exchange liquidity, the supply update has amplified the bearish mood among traders.
Technical analysis of ZIL
Technical indicators reinforce the short‑term bearish bias for ZIL.
The token is trading below all major exponential moving averages on the daily chart.
The seven‑day simple moving average sits at $0.00497 while the 30‑day SMA is $0.00519, both above the current price.
The 14‑day relative strength index (RSI) stands at 38.37, indicating the token is approaching oversold conditions.
The weekly RSI is 47.00, suggesting neutral market conditions on the larger timeframe.
The MACD histogram is negative at –0.000095, confirming ongoing bearish momentum.
Taken together, these technical signals indicate selling pressure is likely to persist, though short‑term consolidation may occur as the market approaches oversold levels.
Zilliqa price outlook
Traders should monitor key support and resistance levels in the coming days.
Immediate support is near the recent low at $0.0045846, which could act as a floor for further declines.
On the upside, a decisive close above $0.00669 would be required to signal a potential trend reversal.
Market participants should also watch trading volumes across the remaining pairs to gauge whether the sell‑off stabilizes.
Short‑term price action will likely be shaped by liquidity trends, supply dynamics, and technical momentum.
Absent a clear bullish catalyst, ZIL may continue to face downward pressure, with the most likely near‑term scenario being consolidation around current levels.