$ZIL : Cancun Upgrade Sparks 70% Rally!🚀
Zilliqa $ZIL is currently the talk of the market, surging over 70% in the last 24 hours. This massive momentum is driven by the upcoming Cancun Hard Fork and the transition to Zilliqa 2.0, which introduces EVM compatibility and a Proof-of-Stake model. While the technical breakout above the $0.0060 level is highly bullish, the RSI is entering overbought territory, suggesting a brief consolidation might occur before the mainnet upgrade on February 5th.
For those looking to enter, "buying the hype" now carries risk as the price sits near local resistance at $0.0079. A safer approach is to wait for a healthy retracement to the support zone or a confirmed breakout with high volume above recent highs. Given the current volatility, tight risk management is essential to protect gains from potential "sell the news" price action following the upgrade.
📊 Trade Setup
Buy Zone: $0.0065 - $0.0068 (Wait for a pullback)
Sell Targets: $0.0082 | $0.0095 | $0.0110
Stop Loss: $0.0059 (Below recent support)
