Zignaly (ZIGUSD) Price Forecast: January 11
ZIGUSD is currently rising and exhibiting encouraging signals above the $0.04453 supply level, the coin may likely remain in an uptrend and rise up to the upper resistance level if all the support holds and the buy traders could exert more force into the market.
Key Levels:
Resistance Levels: $0.03000 $0.03500, $0.04000
Support Levels: $0.02500, $1300.00, $1200.00
ZIG (USD) Long-term Trend: Bullish (4H Chart)
Zignaly price remains in an uptrend on the higher time frames. This is clear as we can see the prices trading strongly above the supply levels indicating a strong bullish trend. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to remain in an uptrend in its recent high.
The market price of ZIGUSD which rises from $0.04453 to the $0.04800 resistance level above the EMA-50 as the 4-hour chart opens today suggests that the coin price remains in an uptrend and the bulls are having the market at their disposal.
Thus, buyers need to add more pressure to their activities to move the market beyond the $0.04800 current price level.
Additionally, with buyers clustering around the market as indicated by the daily price signal, the price of ZIGUSD is expected to hit the $0.05000 upper resistance mark soon as it remains in an uptrend in its higher time frame.
ZIG (USD) Medium-term Trend: Bullish (1H Chart)
The cryptocurrency remains in an uptrend in its medium-term outlook. The price bars can be seen trading above the moving averages which means that the coin is in a bullish trend zone.
During the previous action, the bulls’ increased momentum at the $0.04364 supply value has allowed the Zignaly price to remain strong above the resistance lines in its recent high.
The buy traders caused an increase to the $0.04774 resistance level as the 1-hour session begins today; this indicates an increase in the bulls’ forces in the market.
Thus, breaking above the current price will enable the ZIGUSD price to remain in an uptrend which might lead the coin price to hit the $0.05000 upper resistance level soon in its medium-term perspective.
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