Zilliqa (ZIL) Shows Bullish Divergence with MACD, Eyes 240% to $0.038

ZIL shows a year-long bullish divergence on the MACD, with price making lower lows while momentum steadily posts higher lows.

Technical analysis indicates ZIL respects an ascending support trendline, forming a possible quadruple bottom with conservative targets set near $0.038.

Exchange data shows bullish long-short ratios, with Binance traders holding more than twice as many long positions compared to short positions.

Zilliqa (ZIL) is presenting a bullish divergence on its weekly chart, with price and momentum indicators pointing toward a potential reversal.

MACD Divergence Suggests Momentum Shift

Analyst JAVONMARKS noted a large bullish divergence on the MACD, with price recording lower lows while momentum prints higher lows. This formation is often regarded as an early indicator of weakening bearish strength. The divergence has been forming for over a year, giving the setup further weight for long-term traders monitoring the altcoin.

At the same time, ZIL continues to respect an ascending support trendline. This has created what some traders interpret as a quadruple bottom structure, a rare pattern that frequently leads to breakouts when paired with momentum shifts. With the MACD gradually turning upward, market observers are focusing on potential recovery levels that could be tested if buying pressure builds.

The conservative target set by analysts points toward $0.038, representing a more than 240% increase from the present price levels. That target aligns with a previous resistance area, suggesting it could become the first major barrier in a possible rally.

Long-Term Projections Point Toward Larger Moves

Beyond the conservative view, projections suggest that Zilliqa could extend its rally to revisit its 2021 peak. JAVONMARKS stated that a recovery toward $0.15 remains possible if market conditions align. Such a move would represent gains of more than 1,100% from current levels.

The reasoning behind this longer-term target stems from historic altcoin behavior during bullish market cycles. Previous market rallies have seen deeply oversold projects climb multiple times in value once sentiment improves. In this case, the extended bullish divergence on the MACD provides a technical argument for sustained upside momentum.

Although ambitious, this outlook is not unprecedented, as similar percentage recoveries have been recorded during earlier altcoin surges. The presence of technical foundations combined with cyclical market behavior makes the $0.15 level a point of interest for traders.

Market Data Shows Bullish Positioning

ZIL is currently priced at $0.01114, with a 24-hour trading volume of $17.7 million. The asset has gained 6.7% in the last day and 5.96% across the past week, reflecting modest accumulation.

Exchange long and short data also reveal stronger positioning on the bullish side. On Binance, over twice as many accounts are long, with top traders showing a 2.54 ratio. However, their position sizes remain more conservative, with a 1.38 reading, indicating optimism tempered by caution.

Source: Coinglass

OKX displays milder optimism with a 1.13 ratio, suggesting traders there remain more careful. Overall, the aggregated data reflects optimism for a breakout, though high long ratios could create volatility or brief corrections before a longer move establishes itself.

The post Zilliqa (ZIL) Shows Bullish Divergence with MACD, Eyes 240% to $0.038 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.