Jan 12, 2021 17:27 GMTCrypto News
Zilliqa price broke out of an inverse head and shoulders pattern on the weekly chart.
The digital asset seems to be poised for a short-term correction before resuming uptrend.
In November 2020, Zilliqa saw a massive breakout from an inverse head and shoulders pattern on the weekly chart touching $0.036 and seeing a ton of continuation within the next month, to reach a high of $0.106 on December 21, 2020.
Zilliqa price has to climb above $0.08 to rise towards $0.36
After what seems to be a breakout above the neckline of an inverse head and shoulders pattern on the weekly chart, Zilliqa bulls targetted $0.36 in the long-term, however, they have encountered some short-term resistance at $0.106.
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