Zilliqa is trading near $0.0058 on Wednesday. The price is up more than 4% since Tuesday. The move is being driven by rising interest from retail traders.
Trading activity has picked up sharply. More people are buying and selling ZIL. This has pushed volumes and futures activity higher. That has helped the price move up faster.
Over the last 2 days, Zilliqa has gained around 13%. It has performed better than larger coins like Bitcoin, Ethereum, and XRP during this period.
Data shows that trading volume across the Zilliqa ecosystem jumped to nearly $93m on Monday. This was the highest level seen since early July. By Wednesday, volume cooled but stayed healthy at around $27m.
Rising volume usually means traders are paying attention again. It also adds liquidity, which helps prices move more smoothly and often supports rallies.
Futures market data is also showing strength. Open Interest in ZIL futures climbed to about $13.5m on Tuesday. This was the highest level since October.
When Open Interest rises, it means more money is entering the market. It also suggests more traders are opening positions rather than closing them.
Funding rates have turned positive as well. This means traders betting on higher prices are now paying those betting on a drop. In the past, this setup has often been followed by short term price gains for ZIL.
From a chart point of view, momentum has turned positive. Zilliqa recently moved above its 50 day average price. That is often seen as a bullish sign.
The price briefly touched $0.0062 before pulling back slightly. It is now consolidating around $0.0058.
If ZIL manages to close above this level, buyers could push the price higher again. A clean break could send it toward $0.0065. That level has not been seen since December.
If the rally continues, the price could even test the $0.0068 area. Many traders see this as a key psychological level.
Momentum indicators are supporting the move. Strength is building rather than fading. Buyers appear to be in control for now.
If the price fails to hold above $0.0058, a short pullback is possible. In that case, ZIL could slip back toward $0.0055. A deeper drop could retest the $0.0051 area.
For now, the trend remains positive. As long as trading interest stays strong, Zilliqa has room to move higher in the near term.
