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Zelica Crypto: Bullish Breakout or Bearish Correction? JB Analyzes

Zilliqa ZIL: DOWN 95%! Is NOW The Time To BUY?!
Zilliqa ZIL: DOWN 95%! Is NOW The Time To BUY?!

Zelica (ZLC) is a relatively new cryptocurrency that has gained attention in recent months. The project aims to provide a decentralized platform for financial services, including lending, borrowing, and trading.

In his latest video analysis, cryptocurrency trader and analyst JB discusses the potential for upward movement in ZLC. He notes that the cryptocurrency has broken bullish on the 1-hour chart and is targeting prices between 1.738 C and 1.797 C. Additionally, the 50 EMA has crossed above the 200 EMA, suggesting a bullish sentiment.

On the 1-day chart, JB discusses a potential correction and sees a fair value gap that could fill. However, he also notes that the overall trend for ZLC is bullish, and he expects the cryptocurrency to eventually reach higher prices.

JB explores various price targets for ZLC, including a 100x return in the best-case scenario. He also mentions that he is considering taking a position in ZLC, but he is waiting for further confirmation of the bullish trend.

Overall, JB’s analysis suggests that Zelica is a cryptocurrency with bullish potential. However, investors should be aware of the potential for a correction in the near term. It is also important to note that the cryptocurrency market is volatile, and there is always the risk of loss.

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