After Zilliqa (ZIL) reached an all-time high in early April, the token has experienced a steep decline as investors take profits from its meteoric rise. However, further downward pressure remains possible. Below are the key takeaways before a more detailed look.
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ZIL has fallen below its important demand zone between $0.097 and $0.121.
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The token is now firmly in a bearish trend with very limited upside momentum.
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If the demand zone is not regained, ZIL could decline by roughly 45% or more.
Data source: TradingView
Zilliqa (ZIL) — The downside risk to watch
March was Zilliqa’s strongest month, with the token surging over 500% and outperforming most major coins by a wide margin. ZIL hit its all-time high on April 1, trading near $0.23 at the peak.
After such a rapid ascent, a significant correction was likely. As investors began realizing profits, the price dropped sharply. Currently, ZIL has declined roughly 150% off its ATH, and crucially it has slipped beneath a key demand zone between $0.097 and $0.121.
Falling below that area signals notable weakness, and ZIL is now classified as bearish. If the token fails to reclaim the demand zone, the price will likely continue to weaken. In a downside scenario, ZIL could fall another 45–50% before finding renewed buying interest.
Is Zilliqa’s bull run over?
At present, the strong bull run ZIL experienced in March and early April appears to be over. It is unlikely the token will retest its all-time high in the near term.
Over the coming weeks, ZIL is expected to remain in a bearish phase. The price could revisit lows near $0.05 — approximately the level it occupied before March’s rally. In other words, the sizable correction many anticipated may now be playing out toward completion.