$ZIL experienced a long liquidation of $1.0491K at $0.00538, indicating downside pressure that forced leveraged buyers out of their positions. In smaller cap assets like $ZIL , even modest liquidation amounts can create noticeable volatility due to thinner order books.

The $0.00538 level now serves as a short term pivot. If price remains below this zone, it could act as resistance and confirm bearish continuation. If bulls manage to reclaim it, the liquidation may mark a local exhaustion point.

Long liquidations typically shake out weak hands and reduce excessive leverage in the system. After such events, markets often either consolidate before the next move or reverse sharply if sellers lose momentum.

Traders should monitor whether selling volume decreases following this flush. A drop in selling pressure combined with stabilizing price action could hint at accumulation. On the other hand, continued weakness below this level may invite additional short term downside.$ZIL

ZIL

0.00417

-24.45%