- Zilliqa price falls 3.6%, extending a seven-day downtrend amid weak market sentiment.
- Binance delisting and Upbit supply increase reduce liquidity and add selling pressure.
- Technical data show ZIL trading below key EMAs, with RSI nearing oversold levels.
Zilliqa (ZIL) has seen a notable price decline over the past 24 hours.
The token is currently trading at $0.004822, down 3.6%, underperforming the broader cryptocurrency market which fell about 0.9%.
This move extends a seven-day decline of roughly 7.75%, indicating sustained bearish sentiment among traders.
Exchange Delisting and Market Liquidity
One of the main drivers of ZIL’s recent weakness is exchange delistings.
On January 23, 2026, Binance removed the ZIL/BTC spot pair as part of market quality optimizations.
This followed an earlier removal of the ZIL/BTC margin pair in June 2025.
Delistings reduce liquidity and arbitrage opportunities for traders and often signal waning exchange support, which can trigger selling as market participants adjust positions.
With fewer direct BTC and ETH trading pairs available, ZIL now relies heavily on USD-stable pairs like ZIL/USDT for trading volume.
Traders are closely watching whether liquidity consolidates on the remaining pairs or fragments further, which will influence short-term price stability.
Supply Update Adds Downward Pressure
Another factor weighing on ZIL is a recent increase in circulating supply.
Upbit reported an increase of 443,195,861 ZIL in Q1 2025.
That adjustment raised circulating supply from around 19.905 billion to 20.349 billion ZIL.
The increase—about 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 rise proportionally. Public confirmation of supply growth often refocuses attention on potential selling pressure, especially during market weakness.
Combined with reduced exchange liquidity, the supply update has amplified bearish sentiment among traders.
ZIL Technical Analysis
Technical indicators further reinforce ZIL’s short-term downtrend.
The token is trading below all major exponential moving averages on the daily chart.
The 7-day simple moving average sits at $0.00497 while the 30-day simple moving average is at $0.00519, both above the current price.
The 14-day relative strength index (RSI) is 38.37, suggesting the token is approaching oversold conditions.
Meanwhile, the weekly RSI sits at 47.00, indicating neutral market conditions on a longer timeframe.
The MACD histogram is negative at –0.000095, confirming continued bearish momentum.
These technical signals point to persistent selling pressure, although a short-term consolidation could occur as oversold conditions develop.
Zilliqa Price Outlook
Traders should watch key support and resistance levels in the coming days.
Immediate support is near the recent low of $0.0045846, which may act as a floor for further declines.
On the upside, the first significant resistance sits at $0.00669, a level ZIL would need to close above to signal a potential trend reversal.
Market participants should also monitor trading volumes on the remaining pairs to assess whether selling pressure is stabilizing.
Short-term price action will likely be influenced by liquidity trends, supply dynamics, and technical momentum.
Absent a bullish catalyst, ZIL may continue to face downward pressure, with consolidation around current levels representing the most probable near-term scenario.