ZIGChain Near Key Support Ahead of Mainnet Launch: Is a Breakout Brewing?

ZIGChain trades near crucial support as ZIGChain’s mainnet launch and DeFAI fund drive renewed bullish interest and market optimism.

Technical patterns show price compression with rising volume, hinting at potential breakout as ZIG tests resistance near $0.096897.

Repeated BOS signals and CHoCH annotations suggest trend reversals may follow if ZIGChain breaks above its long-held descending trendline.

ZIGChain (ZIG) continues to trade near critical support levels while traders anticipate ZIGChain’s Mainnet launch on June 25, 2025. The current price hovers at $0.096016, reflecting a 1.92% daily drop. Despite this decline, the market remains optimistic. Notably, ZIGChain recently announced a $25 million DeFAI fund alongside a proprietary Wealth Management Engine. These developments have sparked fresh investor interest.

The price structure shows a consistent range-bound pattern between $0.062 and $0.096. These support zones held firm during past downtrends. Buying interest frequently returns within this area. Hence, ZIG appears to be forming a potential base for a bullish reversal. Moreover, the current trading activity aligns with historical "Break of Structure" (BOS) signals seen in March, July, and October.

Resistance Looms as Price Tests Key Levels

A descending trendline has suppressed upward momentum across recent sessions. This line continues to act as dynamic resistance. Additionally, multiple rejection points between $0.14 and $0.18 confirm the overhead pressure. Hence, any upward move must overcome these strong resistance zones.

Source: Crypto Caesar

Price action recently bounced off lower support and now tests $0.096897, a critical resistance level. Market participants are closely watching this zone. A decisive breakout above this area could trigger a bullish wave. However, failure to break may prolong consolidation.

Structural Patterns Indicate Price Compression

The chart displays a mix of higher lows and lower highs, signaling a potential squeeze. This compression pattern often precedes explosive movement. Besides, CHoCH (Change of Character) signals suggest possible trend reversals. These annotations highlight the turning points in both directions.

Moreover, recent volume spikes during key moves support the idea of incoming volatility. Though trading volume remains moderate, it is climbing steadily. Hence, a sudden breakout or breakdown is possible as pressure builds. Additionally, technical indicators remain mixed but suggest near-term resistance. However, the token maintains strength above key support. Consequently, traders remain cautious but alert for any shift in trend.

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