$ZIL — Post-Rally Exhaustion & Critical Pivot Test
Short $ZIL (Scalp)
Entry: 0.00715 – 0.00766
SL: 0.00785
TP1: 0.00650
TP2: 0.00580
TP3: 0.00524
Analysis:
On the immediate short-term timeframe, $ZIL is exhibiting signs of exhaustion after a massive parabolic rally of nearly 80%. As of February 4, 2026, the price has hit a 24-hour high of $0.00766 and is currently facing a sharp rejection at this local resistance level. While investor sentiment has been bolstered by the upcoming Cancun EVM upgrade scheduled for February 5, the immediate 1-hour and 4-hour charts show elevated RSI levels and slowing momentum, indicating potential profit-booking by short-term traders.
The technical structure indicates a "liquidity hunt" toward the downside, as the price is currently trading well above its 50-day EMA ($0.005) and 100-day EMA ($0.006). A 1-hour candle close below the $0.00695 support level would confirm a bearish shift, targeting the 38.2% Fibonacci retracement near $0.0052. Although on-chain and derivatives data showed a bullish bias during the initial pump, the recent 1-hour candles feature long upper wicks, confirming rejection at higher levels. As long as the price stays below the $0.00785 stop-loss, the path of least resistance for a short-term scalp remains toward the $0.00580 liquidity pocket.
Trade $ZIL here 👇
