Zilliqa (ZIL) price falls as Binance delists BTC pairs and circulating supply rises
Zilliqa (ZIL) has declined to $0.004822, down 3.6% in 24 hours and about 7.75% over seven days, lagging the broader crypto market. Two principal drivers are exchange delistings and a supply revision. Binance removed the ZIL/BTC spot pair on 23 January 2026 (the ZIL/BTC margin pair was delisted in June 2025), reducing liquidity and arbitrage routes and shifting volume toward USD-stable pairs like ZIL/USDT. Separately, Upbit reported a first-quarter-2025 circulating supply increase of 443,195,861 ZIL (from ~19.905 billion to ~20.349 billion), a ~2.2% quarterly rise linked to staking rewards, protocol inflation and token unlocks. Technicals show ZIL trading below key EMAs and SMAs (7-day SMA $0.00497; 30-day SMA $0.00519), a 14-day RSI of 38.37 (near oversold) and a negative MACD histogram, indicating ongoing bearish momentum with potential short-term consolidation. Immediate support sits near $0.0045846; key resistance is cited at $0.00669 for trend reversal. Traders should monitor liquidity on remaining pairs, further supply changes, and volume to gauge stability; absent a bullish catalyst, ZIL is likely to remain under pressure in the short term.
Bearish
The combination of exchange delistings and an increased circulating supply creates two immediate bearish pressures: reduced liquidity/arbitrage (from Binance removing ZIL/BTC) and potential sell-side dilution (from Upbit’s supply update). Technical indicators — price below major EMAs/SMAs, negative MACD, and a 14-day RSI near oversold — confirm short-term bearish momentum, though oversold readings could invite brief consolidation or short-covering rallies. Historically, tokens that lose key exchange pairs often see prolonged volume declines and price underperformance until liquidity concentrates in alternative pairs or a positive catalyst arrives. Similarly, publicized supply increases (unlock schedules, staking rewards) frequently spur additional selling if demand is static. Therefore, expect continued downside or sideways trading in the near term, with recovery dependent on restored exchange support, rising demand, or cessation of net selling from newly circulating tokens. Traders should watch volume on ZIL/USDT, further delisting announcements, and token unlock schedules for signs of stabilization or further weakening.