- The price of Zilliqa (ZIL) has experienced a notable decline of 3.6%, extending a downward trajectory observed over the past week amid prevailing weak market sentiment.
- Recent developments, including the delisting of ZIL from Binance and an increase in supply on Upbit, have contributed to reduced liquidity, thereby exerting additional pressure on the token.
- Technical analysis indicates that ZIL is currently positioned below critical exponential moving averages (EMAs), with the Relative Strength Index (RSI) nearing oversold territory.
Over the last 24 hours, Zilliqa (ZIL) has faced a significant depreciation in its market value, currently trading at $0.004822. This decline of 3.6% marks an underperformance relative to the broader cryptocurrency market, which has experienced a modest decrease of approximately 0.9%. This current downturn extends a week-long negative trend, accumulating to approximately 7.75%, thereby underscoring a sustained bearish sentiment within the market.
Exchange Delistings and Market Liquidity
The recent weakness exhibited by ZIL can be attributed, in considerable part, to delistings from prominent exchanges. On January 23, 2026, Binance undertook the removal of the ZIL/BTC spot trading pair as part of its strategic market optimization efforts. This action followed an earlier delisting of the ZIL/BTC margin trading pair in June 2025.
The ramifications of such delistings are multifaceted:
- They result in a contraction of liquidity and limit arbitrage opportunities for traders.
- They serve as indicators of diminishing exchange support, often inciting sell-offs as market participants recalibrate their trading positions.
Consequently, with fewer direct trading pairs against established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), ZIL’s trading activity now heavily depends on USD-stable pairs such as ZIL/USDT. Market participants are closely monitoring trends in liquidity to ascertain whether it solidifies or further fragments across these remaining pairs.
Supply Update Contributing to Downward Pressure
A supplementary factor exacerbating ZIL’s decline is the recent update concerning its circulating supply. On January 23, 2026, Upbit reported an increase of 443,195,861 ZIL during the first quarter of 2025. This adjustment elevated the total circulating supply from approximately 19.905 billion to 20.349 billion ZIL.
This increase—representing about 2.2% of quarterly supply—can be attributed to various factors including staking rewards, protocol inflation, and team token unlocks. A heightened circulating supply could potentially dilute individual token value unless demand escalates correspondingly.
The public disclosure regarding this supply increase tends to renew scrutiny over potential sell-side pressures, particularly during periods characterized by overall market weakness. The interplay between diminished exchange liquidity and augmented supply has collectively intensified bearish sentiment among traders.
ZIL Technical Analysis
Technical indicators further corroborate ZIL’s prevailing short-term bearish trend. The token is currently trading beneath all principal exponential moving averages on the daily chart:
- The 7-day simple moving average (SMA) is situated at $0.00497.
- The 30-day SMA registers at $0.00519.
Both moving averages are positioned above ZIL’s current price level. The 14-day Relative Strength Index (RSI) is recorded at 38.37, indicating that the token is approaching oversold conditions. In contrast, the weekly RSI stands at a neutral figure of 47.00. Additionally, the Moving Average Convergence Divergence (MACD) histogram reflects a negative value of –0.000095, affirming ongoing bearish momentum.
These technical signals suggest that selling pressure remains prevalent; however, a short-term consolidation may occur in light of the approaching oversold conditions.
Zilliqa Price Forecast
Investors and traders should meticulously observe key support and resistance levels in the forthcoming days:
- The immediate support level is identified around the recent swing low of $0.0045846, which may serve as a potential floor for further declines.
- The first significant resistance level is established at $0.0669; an upward closure above this threshold could signal a prospective trend reversal.
Market participants should also remain vigilant regarding trading volumes across remaining pairs to assess whether the ongoing sell-off is stabilizing or intensifying. Short-term price movements will likely be influenced by liquidity trends, supply dynamics, and prevailing technical momentum.
In the absence of a bullish catalyst emerging within the market context, ZIL may continue to experience downward pressure; thus, consolidation around current levels appears to be the most probable scenario at this juncture.
