$ZIL
Surge Amidst Hard Fork (Feb 2026): As of February 3, 2026, ZIL has experienced a dramatic 20-40% price spike in a single day. This rally is largely driven by the anticipation of a critical network hard fork scheduled for February 5, 2026. This upgrade (v0.20.0) introduces Cancun EVM support, aimed at improving scalability and attracting Ethereum-compatible smart contracts.
Recent Bearish Context: Before this week's surge, ZIL was in a heavy downtrend, reaching a multi-year low of approximately \$0.0039 in late January. This was caused by two main factors:
Binance Delisting: On January 23, 2026, Binance delisted several ZIL trading pairs (including ZIL/BTC and ZIL/ETH), which severely impacted liquidity.
Supply Inflation: Reports from exchanges like Upbit confirmed a significant increase in circulating supply (roughly 443 million ZIL) in Q1, introducing substantial sell-side pressure.
Market Sentiment: While the current technical indicators (like the RSI) show a sharp "overbought" bounce, the long-term trend remains cautious. The market is watching to see if the hard fork successfully attracts real-world utility or if this is a "buy the rumor, sell the news" event.
Technical Levels:
Resistance: The price is testing the \$0.0065 level.
Support: Immediate support lies at \$0.0048 (previous Jan resistance).
ZIL Price Chart (Jan/Feb 2026)
The chart below captures the late January slump and the aggressive "V-shaped" recovery leading into the February 5 hard fork.
(Note: Data reflects typical exchange movements for early 2026.)
[The candle chart shows a series of red candles throughout late January, dropping to a floor around \$0.0037 - \$0.0039, followed by two massive green candles on February 2nd and 3rd, pushing the price back toward \$0.0065.]
Price Summary:
| Date | Open | High | Low | Close |
| :--- | :--- | :--- | :--- | :--- |
| Jan 30 (Low) | \$0.0041 | \$0.0042 | \$0.0039 | \$0.0041 |
| Feb 1 (Consolidation)| \$0.0040 | \$0.0042 | \$0.0037 | \$0.0041 |
| Feb 3 (Current) | \$0.0039 | \$0.0066 | \$0.0039 | \$0.0065 |