Gradual decline, but the setup is increasing | Watch for breakout confirmation.
🕒 Time frame: Short to medium term.
💹 Pair: ZIL/USDT
🧭 Current bias: Neutral to bullish (upon breakout).
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📉 Market structure:
The Zilliqa token is steadily trending down, respecting the descending channel structure (highlighted in green). While the price remains within the channel, sellers still control the market, but momentum is fading, showing divergence on lower time frames.
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⚠️ Key notes:
A full reversal has not occurred yet, but the divergence on smaller time frames indicates weakening downward pressure.
A confirmed breakout of the channel would shift the short-term trend to bullish.
Confirming the size will be essential to validate any breakout move.
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🎯 Targets after breakout:
Blue resistance area: the first level to watch after the breakout.
Gray resistance area: secondary resistance and breakout validation area.
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📌 Strategic note:
Be patient while the price remains within the channel. A breakout and retest setup may provide an easy entry point for immediate traders or short-term speculators. No need to rush, let the market come to you.
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🧠 Final thoughts:
ZIL is setting up for a potential trend reversal, but confirmation is key. Until we see a clear breakout, please consider this as an evolving idea - not a full reversal yet.
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#BinanceSquare #ZILUSDT #Zilliqa #DescendingChannel #CryptoAnalysis
