Zilliqa price is contained inside a symmetrical triangle pattern on the 4-hour chart.

The digital asset is on the verge of a big 30% move.

The current momentum favors the bulls, which aim for zil new highs at $0.18.

Zilliqa price aim for new highs at $0.18

Zilliqa price hit a new all-time high at $0.1611 on February 13 and had a healthy correction right down to $0.11 before a big recovery. Now, the digital asset is ready for one more leg up and a possible new all-time high.

Zilliqa price on the brink of a 30% jump towards $0.18

On the 4-hour chart, Zilliqa price has established a symmetrical triangle pattern that's almost able to crack. A breakout above $0.133 will quickly push Zilliqa price up to $0.177, a 33% move, calculated using the pattern's height as a point of reference .

However, if the bears can crack the critical price at $0.125, Zilliqa price can dive towards a low of $0.085, which coincides with the 200-SMA price .



Is Zilliqa a Good Investment?

The next question is whether Zilliqa is a good investment? the price of Zilliqa is cheap. One ZIL only costs US$0.14 at the point in writing. During the last altcoin Bull Run, Zilliqa hit a high of about US$0.18. there are some potential price catalysts in the future.

Zilliqa Staking

First and foremost is staking. Zilliqa is introducing staking on the mainnet and it's coming live by the end of Q2 2020. So we are just a few weeks away. The estimated annual staking yield for ZIL is between 8% – 10% currently. When staking goes live, ZIL would gain even more attention as you get to earn some dividends on that.

There are a lot of long-term holders that are accumulating a lot of staking tokens in crypto. they're taking this chance to accumulate massively and lots of are living off a retirement lifestyle on Thailand beaches.

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