Zilliqa Holds Above $0.011 As Analysts Map 240% and 1,100% Recovery Targets

Zilliqa posted a 4.94% daily gain, trading at $0.01114 with market cap at $217.86 million.

The long-term chart shows a defended descending support line despite persistent downward pressure since 2021.

MACD divergence signals mapped recovery targets at $0.038 and $0.15, marking 240% and 1,100% potential gains.

Zilliqa, a high-throughput blockchain and smart-contract platform through the native ZIL token has caught the eye of market analysts. During today’s Asian trading session, the asset opened it market with a price value of $0.01101 before the current ongoing price trend, this has positioned and added the asset to a continued gain above 5% in 7 days timeframe.

Zilliqa Climbs 4.9% in 24 Hours as Price Holds Above $0.011

According to CoinMarketCap data at the time of writing, Zilliqa (ZIL) traded at $0.01114 after gaining 4.94% over the past 24 hours. The price opened near $0.01043 before recording a sharp upward move during midday trading. Momentum carried the token higher, with intraday fluctuations forming a steady rising pattern. The chart indicates continuous gains throughout the session, with price consolidating near the $0.011 level.

Source: CoinMarketCap

Market capitalization stood at $217.86 million, reflecting a 4.95% increase. Trading volume reached $18.17 million within 24 hours, showing a decline of 1.39%. The overall movement indicates consistent upward pressure during the period, maintaining strength above the $0.011 mark by session close.

According to a Javon Marks analysis, Zilliqa’s long-term chart displays a notable trend that began after its peak near $0.25 in 2021. Since then, the asset has moved through a drawn-out decline, recording lower highs and lower lows across multiple months. A descending support line connects several critical levels where buyers intervened, keeping the price from falling further despite consistent downward momentum. These recurring points on the chart show a zone where stability has been repeatedly defended.

Support Line, MACD Divergence, and Momentum Shift

A deeper view reveals that the drawn support has remained intact across several years, creating a foundation that continues to attract attention. Price behavior shows repeated touches against this line, confirming its role as an anchor in the overall trend. The consolidation around this range signals a phase where the market has held steady despite extended pressure.

Source: X

Alongside the price chart, the MACD indicator records an important development. While prices moved lower, the MACD line trended upward, forming a bullish divergence. This pattern is visible in both the histogram and the moving averages, which have slowly advanced toward convergence levels. Divergences of this type often occur when price and momentum indicators move in different directions.Analysis of the current chart has identified two possible recovery points for Zilliqa based on historical structures. The first recovery target stands at $0.038, representing a gain of more than 240% from the lower range. A broader projection places the next target near $0.15, which represents an increase exceeding 1,100%. These projections remain anchored on the combination of descending support stability and the bullish divergence within the MACD indicator.