Zilliqa is catching some serious attention right now, and not just because of its sleek new design, it's the Chaikin Money Flow (CMF) indicator that’s making waves. Investors are pouring in as the CMF shows a sharp uptick, likely driven by the much-anticipated launch of Zilliqa 2.0. This new upgrade has Ethereum lovers buzzing since it offers full EVM support, meaning deploying Ethereum-native applications just got way easier.
Zilliqa 2.0 brings a modular design, Proof-of-Stake consensus, and cross-chain communication to the table. But hold on, there's more! Future updates will pack in smart accounts, zero-knowledge features, and privacy-preserving tools. Alexander Zahnd, interim CEO of Zilliqa, made it clear:
"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."
Sounds pretty serious, right?
All this hype is translating into big inflows, as investors are pumped about Zilliqa’s scaling potential and real-world applications. The tech behind this launch has some serious promise, and it’s no wonder the community is getting behind it.
Technical Indicators Signal Bullish Momentum for Zilliqa
Now, let’s talk charts. Zilliqa's technical indicators are showing some serious bullish signs. The Moving Average Convergence Divergence (MACD) just pulled off a bullish crossover, a classic signal that a positive trend could be starting. If the momentum keeps up, Zilliqa could ride this wave of excitement and finally recover from its earlier losses.
Of course, it’s not all sunshine and rainbows. For this upward trend to last, the broader crypto market needs to stay strong.
If Bitcoin and other top altcoins keep performing, Zilliqa might just surge past its current resistance at $0.0104. If it can hold that level and find support, a rise to $0.0115 isn’t out of the question.
But don’t get too carried away just yet. If the market turns sour and the bears take over, Zilliqa could dip back to $0.0100, putting its bullish outlook on ice and sending it back to consolidation. Investors will want to keep a close eye on the market to see if the positive momentum is here to stay or if the bears will spoil the party.
Kristian Koch
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