A failure to hold $0.0107 or continued market downturns could lead to a drop to $0.0100, invalidating the bullish outlook and entering consolidation.
Zilliqa’s price has experienced ongoing volatility, primarily driven by broader market uncertainty. The altcoin has struggled to maintain consistent upward momentum, often fluctuating due to external factors.
However, the arrival of Zilliqa 2.0 is anticipated to be a game-changer for the cryptocurrency, potentially driving a positive shift in both price and market sentiment.
The Chaikin Money Flow (CMF) indicator is currently noting a sharp uptick, signaling an increase in inflows to Zilliqa. This rise is likely due to the launch of Zilliqa 2.0, which has excited investors and sparked renewed interest. Zilliqa 2.0 launches with full EVM support, enabling seamless deployment of Ethereum-native applications.
Its modular design incorporates Proof-of-Stake consensus and cross-chain communication. Future upgrades will include smart accounts, zero-knowledge features, and privacy-preserving tools. Alexander Zahnd, interim CEO of Zilliqa, told BeInCrypto that Zilliqa 2.0 will also attract institutions.
“Zilliqa is now institution-ready and developer-friendly… We’ve rebuilt the core to make sure we’re not just fast — we’re also open, composable and built for real-world impact,” Zahnd told BeInCrypto.
The hype surrounding these enhancements is likely contributing to the rising investor inflows into the altcoin, as the community anticipates Zilliqa’s scaling capabilities and real-world adoption.
Looking at the broader market context, Zilliqa’s technical indicators are showing signs of a potential reversal. The Moving Average Convergence Divergence (MACD) is observing a bullish crossover, which could indicate the start of a positive trend. If this momentum continues, Zilliqa could experience a sustained upward movement, recovering from its previous losses.
However, for this bullish trend to be sustained, support from the overall crypto market will be required. If Bitcoin and other major altcoins continue to show strength, this could propel Zilliqa’s price further upward. Conversely, any downturn in the broader market could limit Zilliqa’s growth potential, causing it to falter at key resistance levels.
Zilliqa is currently trading at $0.0106, just below the key resistance level of $0.0107. Given the recent positive developments surrounding Zilliqa 2.0, the altcoin may be poised for a recovery. A successful bounce from this level, fueled by continued inflows, could push Zilliqa toward higher price targets.
If Zilliqa flips and secures $0.0107 as support, a rise toward $0.0115 is likely. Breaching this resistance will be essential for the altcoin to solidify its gains and push toward the next critical level. This could signal the start of a new upward trend driven by positive sentiment around Zilliqa 2.0.
However, if bearish market conditions continue to overpower the current bullish sentiment, Zilliqa’s price may fall to $0.0100. A drop to this level would invalidate the bullish outlook, erasing the recent gains and sending the price back into a consolidation phase. Investors will need to monitor market conditions closely to gauge whether the bullish momentum can be sustained.
