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Zignaly

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<p>The <strong>Zignaly coin</strong> (ZIG) price has reached the blue sky zone territory and made a fresh All-Time-High (ATH) mark in the intraday session. Trading in a sustained uptrend, the coin gained severe momentum this week.</p> 
<p>After a couple of higher high swings and retesting the cluster of $0.130, buyers succeeded this time in breaching out the zone and recorded a new high. Its price projections favored the mighty bulls and signified their outperformance at the time of writing.</p> 
<p>For the past few months, the <strong>ZIG price </strong>traded in a significant closed range and displayed choppy moves within the range. However, this month was a boon for the bulls, and they gained a sharp momentum.</p> 
<p>Since the beginning of July, the chart depicted volume-based buying activity and accumulation. A golden crossover and a sharp rebound from the $0.1000 mark gave birth to a new breakout.</p> 
<p>However, the breakout trapped the sellers, and a short covering move was spotted on the chart.&nbsp;</p> 
<p>Notably, the Fib extension tool gave a firm conviction that the breakout was worth buying, and the upcoming targets were around $0.1460 and $0.1500.</p> 
<h2 class="wp-block-heading" id="h-how-is-the-zig-token-price-doing-right-now"><strong>How is the ZIG Token Price Doing Right Now?</strong></h2> 
<p>When writing, the <a href="https://www.thecoinrepublic.com/price-prediction/zigcoin/"><strong>Zignaly</strong></a><strong> </strong>token was trading at $0.1387 with an intraday surge of 5.86%, reflecting buying momentum on the chart. It has a monthly return ratio of 80.20% and 229.30% yearly, reflecting a long-term uptrend.</p> 
<p>The pair of ZIG/BTC was at 0.00000208 BTC, and the market cap was $201.60 Million. Analysts were bullish and suggested that the <strong>ZIG price</strong> might stretch the breakout rally and soar 2x ahead.</p> 
<h2 class="wp-block-heading" id="h-can-zignaly-price-bulls-continue-to-exert-pressure"><strong>Can Zignaly Price Bulls Continue to Exert Pressure?</strong></h2> 
<p>After a bullish surge of over 40% this week, the ZIG token reached new highs and breached multiple clusters. It looked set to extend the bullish leg forward and was ready to sprint the rally ahead.</p> 
<p>After a three-month consolidation, <strong>ZIG </strong>finally breached out of range. Generally, when the asset comes out of a range, it sets for a vast surge and can surge over 20-40% shortly.</p> <iframe loading="lazy" title="Santiment Chart: Price (ZIG), Volume (ZIG)" width="800" height="425" src="https://embed.santiment.net/chart?ps=maker&amp;pt=MKR&amp;df=2024-01-24T18%3A29%3A59.904Z&amp;dt=2024-07-24T18%3A29%3A59.904Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bzigcoin%3BZIG%5D%3B%5B1%3Bvolume_usd%3Bzigcoin%3BZIG%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Its RSI and MACD indicators gave a bullish overview as the coin hit new highs. Similarly, the Money Flow Index (MFI) favored the buying pressure.</p> 
<p>Per the Fib extension tool, the coin might extend its bullish leg up to the targets of $0.1520, followed by $0.1570 in the near term.</p> 
<p>In terms of the market cap, <strong>ZIG </strong>ranked at 224 and had a total supply of 2 billion at press time.</p> 
<p>@CryptoBullet, in his X post, guided a bullish stance on the ZIG price action. He gave a macro level target of $1.25, followed by $4.20, and guided an optimistic outlook.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ZIG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ZIG</a> Macro chart<br><br>Maintaining the initial uptrend <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f44c.png" alt="👌" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>I won’t be surprised if it switches to trend 2 (less steep) at some point.<br><br>As long as <a href="https://twitter.com/hashtag/ZIG?src=hash&amp;ref_src=twsrc%5Etfw">#ZIG</a> stays above the 30-Week EMA I’m expecting Wave 5. After that we might get a correction and then see more upside <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;"> 0.786 Fib is the… <a href="https://t.co/BL7bA5OaDj">pic.twitter.com/BL7bA5OaDj</a></p>— CryptoBullet (@CryptoBullet1) <a href="https://twitter.com/CryptoBullet1/status/1815694920633446902?ref_src=twsrc%5Etfw">July 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<h2 class="wp-block-heading" id="h-more-on-the-social-front-of-zig"><strong>More on the Social Front of ZIG</strong></h2> 
<p>The Social Dominance Data revealed a speculative move, reflecting a sharp, volatile one. Notably, this strategic shift indicates that significant chatter among the investors was on the horizon regarding the new highs recorded in the coin.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (ZIG), Development Activity (ZIG)" width="800" height="425" src="https://embed.santiment.net/chart?ps=maker&amp;pt=MKR&amp;df=2024-01-24T18%3A29%3A59.904Z&amp;dt=2024-07-24T18%3A29%3A59.904Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bzigcoin%3BZIG%5D%3B%5B1%3Bdev_activity%3Bzigcoin%3BZIG%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe> 
<p>The immediate support levels for the <strong>ZIG price </strong>at the time of writing were $0.1370 and $0.1300. Its key upside hurdles were around $0.1470 and $0.1500.</p> 
<p>Its development data reflected flat movements and stayed below the zero line, directing neutral growth prospects in the ecosystem.</p> 
<h2 class="wp-block-heading" id="h-what-s-next-for-zig-after-hitting-new-highs"><strong>What’s Next for ZIG After Hitting New Highs?</strong></h2> 
<p>The <strong>Zignaly coin price </strong>went beyond the barriers and reached uncharted territory. Both the leading and lagging indicators gave a bullish overview, and sustained buying pressure might fuel the rally ahead.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/25/zignaly-zig-price-hits-new-all-time-high-should-you-buy-in/">Zignaly (ZIG) Price Hits New All-Time-High: Should You Buy In?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Zignaly (ZIG) Price Hits New All-Time-High: Should You Buy In?

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