ZIL is now sitting in a deep correction zone after rejecting from the recent high near 0.004740.
The bullish point here is that price has already flushed heavily from the top and is now moving near the lower demand area where sellers can start losing strength. This kind of slow bleed after a vertical move often creates a reset phase before the next recovery leg.
For bulls, the first important step is reclaiming the 0.00367–0.00401 area. Once ZIL gets back above that range, the structure can shift from bearish pullback into bullish reversal.
If momentum returns, the next upside levels are 0.00438 and then the previous liquidity zone near 0.00474.
As long as ZIL holds this bottoming range and starts forming higher lows, this chart can turn into a clean accumulation-to-reversal setup.
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