ZIG is consolidating near $0.09509 support, with technicals suggesting a possible breakout above the $0.09854 resistance zone.
A retest of the descending trendline hints at a potential reversal; analysts eye a $1.00 long-term projection if momentum confirms.
Despite small gains, caution remains as traders await confirmation amid low volatility and broader altcoin uncertainty.
ZIG (ZIG/USDT) is currently trading at $0.09615, in a tight consolidation just above a point of solid support. To date, through June 3, 2025, the instrument has achieved a small price gain of 0.3%, but has posted stronger relative performance relative to the major crypto pairs—achieving a 0.6% gain against Bitcoin and 4.6% gain against Ethereum.
Despite its non-volatility in the past 24 hours, technical analysts closely await a possible breakout on the basis of recent structure shifts on the chart and improved sentiment in broader markets.
Consolidation Near Support Level
ZIG’s recent trading range has remained tight between $0.09509 (support) and $0.09854 (resistance). This zone has acted as a compression channel, forming just above a key descending trendline that previously capped price movement since early May. The asset recently broke above this downtrend but has since returned to retest it—suggesting a possible “throwback” confirmation pattern, where old resistance may now act as support.
The repeated tests around this zone indicate that the price is stabilizing, although it has yet to commit to a decisive direction. Traders are now eyeing the next few sessions for confirmation of trend continuity or reversal.
Early Signals Suggest Potential Reversal
Chart data from the 4-hour timeframe shows a possible inflection point forming. A sharp upward projection seen on technical forecasts points toward a longer-term upside target around the $1.00 mark. While this projection remains speculative at this stage, it reflects an emerging shift in price structure.
https://twitter.com/Bullify_X/status/1929749167720878351
If momentum increases and the $0.09854 resistance is cleared with volume, analysts believe it could mark the beginning of a more sustained upward phase. However, without a confirmed breakout above this level, the current move could remain range-bound. Observers caution that volatility may increase if the support at $0.09509 is breached, potentially triggering downside pressure back toward the $0.09000 zone.
Market Context Remains Cautious
While the broader altcoin market shows signs of gradual recovery, ZIG’s trajectory remains dependent on liquidity flows and investor risk appetite. As the asset approaches the apex of this current consolidation, analysts maintain a neutral stance, noting that price confirmation in either direction is necessary before drawing definitive conclusions.
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