- ZIGChain has formed multiple bullish chart patterns, indicating potential upward continuation.
- Testnet DApps and RWA utility development align with growing investor interest.
- ZIG is trading just below resistance at $0.1051, with support at $0.09539 signaling a stable base.
The price action of ZIGChain (ZIG) has recently caught attention following a notable breakout from its prior structure, suggesting a potential continuation of upward momentum. On June 5, 2025, ZIG was trading at $0.1048, reflecting a 9.8% daily increase, amid a broader technical setup that indicates bullish sentiment.
Analysts are closely monitoring the asset after a successful weekly retest, with a support level forming around $0.09539 and resistance nearby at $0.1051. The current chart patterns reinforce the possibility of further upward movement in the short term.
Chart Formations Reflect Accumulation Behavior
Several bullish formations on the 4-hour chart point to accumulation behavior among market participants. The price has broken out from a falling wedge, typically a bullish reversal signal, followed by a consolidation phase above support. Three consecutive bullish structures can be identified, each indicating progressive buyer interest despite market fluctuations. This layered pattern of higher lows and consolidating highs is often seen ahead of a breakout leg.
Development Milestones Align With Market Interest
ZIGChain’s recent deployment of testnet decentralized applications (DApps) suggests that the network is advancing toward real-world adoption. Analysts have also noted that the platform is exploring Real World Asset (RWA) integration, adding further utility to the ecosystem. With a focus on compliant financial tools, including Shariah-aligned yield options, the network appears to be positioning itself in a niche segment of blockchain finance. However, technical performance remains the primary driver of current market movement.
ZIGChain Tests Resistance Amid Strong Weekly Gains
As of publication, ZIGChain ranks #368 by market capitalization, and its gains have outpaced both BTC (10.9%) and ETH (11.7%) in the same time frame. With a 24-hour trading range between $0.095 and $0.105, the token is trading near its short-term resistance. If price sustains above this level, analysts suggest the next leg could aim for the $0.12–$0.14 range, contingent on broader market conditions.
ZIGChain’s price action shows signs of strength supported by technical patterns and developmental progress. While the token’s trajectory remains dependent on continued support and momentum, current indicators reflect a market environment that may favor further gains, provided resistance levels are cleared with volume support.
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