Zilliqa price has seen a breakout from a descending parallel channel on the 1-hour chart. The bullish price target stands at $0.10 but the digital asset might face short-term resistance. Zilliqa was trading inside a long descending parallel channel on the 1-hour chart before finally breaking out above the critical resistance level at $0.78. The digital asset peaked at $0.085 before a slight rejection. Zilliqa price aims for $0.10 but might need to see a pullback first Zilliqa was facing a robust resistance level at $0.08 which was the upper trendline of the parallel channel and finally managed to climb above it hitting $0.085 within five hours of the breakout. ZIL/USD 1-hour chart The digital asset has an initial price target of $0.088 and eventually $0.10, which can be calculated using the height of the previous parallel channel. However, it’s important to note that Zilliqa has shown signs of a potential short-term correction. ZIL/USD 4-hour chart On the 4-hour chart, the TD Sequential indicator seems to be on the verge of presenting a sell signal after posting a green ‘8’ candle. Confirmation of this call could quickly push Zilliqa price to the previous trendline of the parallel channel at $0.08. A breakdown below this point would greatly shift the odds in favor of the bears targeting $0.07. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next S&P 500 Index opens in red, financial stocks rise on surging T-bond yields FX Street 1 year Zilliqa price has seen a breakout from a descending parallel channel on the 1-hour chart. The bullish price target stands at $0.10 but the digital asset might face short-term resistance. Zilliqa was trading inside a long descending parallel channel on the 1-hour chart before finally breaking out above the critical resistance level at $0.78. The digital asset peaked at $0.085 before a slight rejection. Zilliqa price aims for $0.10 but might need to see a pullback first Zilliqa was facing a robust resistance level at $0.08 which was the upper trendline of the parallel channel and finally managed to climb… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.