$ZIL has experienced a -5% price change over the past 24 hours.
The 24-hour trading range was between 0.0124 and 0.01118, indicating selling pressure.
The Bollinger Bands are tightening, suggesting reduced volatility; however, prices are near the lower band.
Support at 0.01118 and resistance at 0.01227 create a critical trading range.
The current market displays a prevailing downtrend, largely influencing trader sentiment.
Macroeconomic factors, including uncertain inflation data, add to market instability.
Bitcoin's influence remains undefined, likely stemming from recent regulatory news that creates uncertainty.
Traders should adopt a short-term approach given the current volatility and downtrend.
Key takeaway: Watch for breaks below 0.01118 or above 0.01227 for potential entry points.
