Why Is Zignaly (ZIG) Pumping? Experts Agree on Bullish Continuation, Eye This Price Target

X user Johnny, known as @CryptoGodJohn, noted that the price of decentralized finance platform Zignaly’s ZIG token is “breaking out of a falling wedge here looking ready for higher.” ZIG surged from around $0.03 to over $0.04 in recent trading.

Johnny expects ZIG can continue moving higher, “towards $.07 over next few weeks.” He pointed to Zignaly’s real-world traction, stating the platform is “currently making multi millions in revenue yearly & one of the top AI projects in the space rn.”

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More Upside Expected
Fellow trader Makram_X, or @Makram_X on X, also commented on ZIG’s pump. He called it a “Beautiful pump” that broke recent highs “with STRENGTH.”

Makram_X explained coins like ZIG that “recover quick” during market volatility are desirable for the expected crypto bull run. He anticipates a “retest on recent high (small white line) around 0.041” where ZIG may consolidate before continuing upwards. However, this is dependent on Bitcoin prices remaining relatively stable.

Both Johnny and Makram_X see bullish continuation potential for the surging ZIG token, with the latter eyeing a move towards Johnny’s target around $0.07. Their analysis reinforces market optimism for major DeFi projects like Zignaly to keep outpacing the broader crypto market this year.

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Rudolph Waltz
Rudolph Waltz

Journalist. 2 years working in a local newspaper in Karlsruhe, Germany. Now Rudolph is engaged in writing analytical articles for the cryptocurrency market. He creates an analysis of ICO-projects, conducts research, and does surveys on the crypto-market.