- Zilliqa price fell by 3.6%, continuing its downward trend for seven days amid weak market sentiment.
- Delisting of Binance and increased supply of Upbit will reduce liquidity and increase pressure.
- technical show $TARGET Below the key EMA, the RSI is close to oversold levels.
Zirika ($TARGET) has seen a sharp decline in price over the past 24 hours.
The token is currently trading at $0.004822, down 3.6%, underperforming the broader crypto market, which is down 0.9%.
This decline extends a 7-day downtrend of approximately 7.75% and signals a continuation of the bearish trend.
Exchange delisting and market liquidity
one of the main driving forces behind $TARGET‘s recent weakness is delisting from exchanges.
On January 23, 2026, Binance $TARGET/$BTC Spot trading pairs as part of market quality optimization.
This followed an earlier delisting. $TARGET/$BTC Margin pairs for June 2025.
Delisting reduces liquidity and arbitrage opportunities for traders.
It also signals a decline in currency support, which often prompts selling as market participants adjust their positions.
By becoming less direct, $BTC ETH trading pair, $TARGET Currently, we rely heavily on USD stable pairs such as: $TARGETFor trading volume /USDT.
Traders are closely watching to see if liquidity consolidates or becomes further fragmented in these remaining currency pairs.
Supply renewal increases downward pressure
Another influencing factor $TARGETThe decrease in is an update on recent circulating supply.
Upbit reports an increase of 443,195,861 $TARGET In the first quarter of 2025.
This adjustment increased circulating supply from approximately 19.95 billion to 20.349 billion. $TARGET.
This increase represents approximately 2.2% of the quarter’s supply and reflects staking rewards, protocol inflation, and team token unlocks.
If demand does not increase proportionately, each token may become worthless as the supply increases.
Public confirmation of increased supply often brings renewed attention to potential seller-side pressure, especially during periods of market weakness.
Coupled with lower exchange liquidity, the supply update amplified bearish sentiment among traders.
$TARGET technical analysis
Technical indicators further support this $TARGETshort-term bearish trend.
The token is trading below all major exponential moving averages on the daily chart.
The 7-day simple moving average is $0.00497 and the 30-day SMA is $0.00519, both of which are above the current price.
The 14-day Relative Strength Index (RSI) is 38.37, suggesting the token is approaching oversold conditions.
Zilliqa Price Chart |Source: TradingView
Meanwhile, the weekly RSI is 47.00, indicating neutral market conditions.
The MACD histogram is negative at -0.000095, confirming that the bearish momentum continues.
These technical signals suggest that selling pressure remains, although oversold conditions could lead to short-term consolidation.
Zilliqa price prediction
Traders will need to keep a close eye on key support and resistance levels in the coming days.
Analysts said immediate support lies near the recent swing low of $0.0045846, which could act as a floor for further declines.
On the upside, the first significant resistance level is $0.0669. $TARGET Must close above to trigger a potential trend reversal.
Market participants should also monitor the trading volume of the remaining pairs to determine if the decline has stabilized.
Short-term price trends can be influenced by liquidity trends, supply dynamics, and technical momentum.
Until a bullish opportunity appears, $TARGET It may continue to face pressure, with consolidation near current levels being the most likely scenario.
