Critical Levels and Updates for Zilliqa (ZIL), Celo (CELO), and Cardano (ADA)
As we approach the last week of Q2, a volatile start to Q3 is expected. While increasing geopolitical risks may pressure the altcoin markets, significant developments in networks could support growth potential. BeInCrypto reviewed three altcoins that investors should closely follow this week.
Zilliqa (ZIL)
Zilliqa, which has lost 20% in recent days, is currently trading at around $0.0100 and is facing resistance here. However, recovery signals are expected with the Zilliqa 2.0 update. This upgrade involves the transition from Proof of Work (PoW) consensus to Proof of Stake (PoS) consensus and aims to increase speed, efficiency, and cross-chain compatibility. While the current RSI indicator is below neutral, this development could create positive momentum for the price. If ZIL price recovers, the resistance at $0.0108 can be targeted. Surpassing this level could contribute to compensating for the losses in May, and further increases may be experienced with the positive effects of the update.
Celo (CELO)
CELO has become one of the worst-performing tokens this month, seeing a new low of $0.236 with a 9.8% drop in the last 24 hours. After a slight recovery, it is currently hovering around $0.252. Investors are watching the impact of the Isthmus hard fork, which will take place this week on the Alfajores testnet, before its integration into the main network. This upgrade aims to improve the performance and functionality of the CELO network. If the hard fork is successful, a recovery may begin in CELO, and breaking the resistance level of $0.261 could be targeted. If it can hold above this level, there is a chance to rise to $0.282. However, if $0.261 is not surpassed, the price may fall back to $0.236, weakening the potential for an upward movement.
Cardano (ADA)
Although ADA has lost 24.3% of its value in the last 12 days, it is currently trading around $0.546 and above the critical support of $0.540. This support could pave the way for a potential recovery. Investors are closely following the Reeve launch, which will increase transparency in financial reporting and support trust. The launch of Reeve could bring investor confidence and positive momentum to ADA. If ADA manages to stay above $0.540, it can rise to $0.572 and potentially up to $0.608 with continued upward momentum. However, if momentum is lost, the price may retreat towards the $0.500 support. The RSI being in the oversold region indicates that the price may recover in the upcoming period.
PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.
Friends who have not yet activated the futures section will earn $10 by entering my referral code 88623008 when they activate the futures section. The first 170 people will benefit from this reward.
I EXPLAIN IN DETAIL.
My friends who registered without a referral on Binance, please listen carefully;
You will earn 10 USDT when you do what I said in order.
Enter the Futures section from your application,
On the next screen, enter the REFERRAL CODE section and enter the code 88623008 to open your account,
Brothers who want to receive a reward of 10 USDT by completing this process by April 10 can do this. After this, it will be enough for you to have a trading volume of $30 after activating your account. However, if you do this after April 10, your reward will not come. Therefore, I recommend you to resolve it within 5 seconds.
THE SYSTEM WORKS ON A FIRST COME, FIRST SERVED BASIS. THEREFORE, DO NOT BE LATE TO RECEIVE YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.
PLEASE READ CAREFULLY FOR A $3,300 GIFT.
Friends, as publishers, you know that we do everything we can for you. We communicate the services and opportunities provided to us by our authorities. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.
Now I will explain how to claim your gift. First of all, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain how to activate it in detail and simply.
So who can benefit?
Friends who have not yet activated the futures section can activate it by entering my referral code 88623008 while opening the FUTURES section. It is an easy process. I have shown where it is below.