ZIL Dips 52.91% in 24 Hours Amid Broader Market Volatility

On SEP 2 2025, ZIL experienced a significant 24-hour price decline of 52.91%, closing at $0.01111. The token, however, has shown resilience in the broader timeframe, with a 98.48% increase over the past seven days and a 53.48% gain over the last month. In contrast, its year-over-year performance remains markedly negative, having lost 4,393.64% in value since the same period last year. The recent sharp correction has sparked renewed interest in the token’s technical indicators and long-term viability.

Technical analysts have been closely monitoring ZIL’s recent price behavior for signs of trend continuation or reversal. The coin’s rapid 24-hour drop has drawn attention to key support levels and potential bounce scenarios. Several indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), have shown bearish divergence in the wake of the downturn. This has led to cautious interpretations about near-term price direction.

The MACD, which has historically signaled momentum shifts in ZIL’s price, has moved further into negative territory, reinforcing the bearish sentiment. Meanwhile, the RSI has dipped below 30—a level often associated with oversold conditions. Analysts are split on whether this is a signal for a rebound or a continuation of downward pressure. The volume profile during the 24-hour decline has also been notable, with a sharp spike in activity suggesting heightened market participation, albeit in the downward direction.

Backtest Hypothesis

To explore potential trading strategies in response to ZIL’s recent price action, a backtest hypothesis has been developed using the technical indicators mentioned above. The strategy involves a short-selling approach triggered by a bearish crossover in the MACD and a confirmation of the RSI dipping below 30. Stops are placed at the nearest resistance level, while targets are based on the most recent 20-day volatility range. The aim is to capture short-term bearish momentum in a structured, rules-based manner.