Zilliqa Price Prediction: ZIL Surges 80% Amid the Rising Trading Volume and Upcoming Cancun EVM Upgrade

Highlights:

• Zilliqa price has rallied over 80% to trade at $0.0077 today.
• Zilliqa’s upcoming Cancun EVM upgrade on Thursday has boosted the bullish sentiment in the market.
• The technical outlook signals overbought conditions, cautioning of a healthy pullback.

Zilliqa (ZIL) price is on a continuation of the upside, surging more than 80% to $0.0077 on Tuesday. The next Cancun upgrade this week is contributing to the recovery in investor sentiment, even though the crypto market is generally weak. ZIL is also experiencing good purchasing attention, which has been facilitated by the increasing trading volumes in the ZIL market.

Meanwhile, support for the version of Zilliqa Ethereum Virtual Machine (EVM) that would switch to the mainnet via a hard fork occurs this week on Thursday. This release will provide faster communication and finer control, as updated by Zilliqa X.

Zilliqa Tech Updates ⚙️

Critical network upgrades are landing – enabling Cancun, delivering faster communication, and finer-grained control.

Hardfork Incoming

✅Testnet: Live
⏳Mainnet: Block 19,486,411 (~Feb 5, 2026)
Validators: please update your nodes before these block… pic.twitter.com/v2a9aBejAn

— Zilliqa (@zilliqa) January 27, 2026

Besides this, the community communications of Zilliqa on Monday reported that Liechtenstein Trust Integrity Network (LTIN) will become the first institutional validator on the Zilliqa network. This is another push towards a regulatory-readiness direction for cryptocurrency. Such announcements and developments have increased the level of bullishness among investors.

According to Santiment metrics, the total volume of trading (the total volume of trading made by all exchange applications on the chain) has been at an all-time high of $278.07 million on Tuesday, its largest volume since December 2024. This growth rate implies that there is an increase in the interest and liquidity of traders on Zilliqa, which increases its positive prospects.

Zilliqa Price Flashes Overbought as Bulls Extend Gains

Technical analysis of the ZIL/USD chart shows just how wild the recent rally has been. On the daily timeframe, the Zilliqa price leapt from an open of around $0.0038 to hit the recent price levels at $0.0077.

This means the coin price booked over 80% gains in the past 24 hours, and more than 54% from last week’s levels. The coin price now sits far above the 50-day simple moving average ($0.005), as the bulls target the next resistance at the 200-day SMA ($0.0083). Historically, when price surges as this happens, a pullback or cooling-off period often follows, to allow bulls to sweep through liquidity.

The momentum indicators agree with the bullish picture painted in the ZIL market. The Relative Strength Index (RSI) is at 74.38, very overbought territory, which tells us the coin price could face a healthy correction soon. The MACD, however, remains above the signal line, showing that the trend’s momentum is still with the bulls for now. This confirms a robust uptrend, but it’s not at levels usually seen in explosive bull markets, implying that things could balance out soon.

For support, the recent breakout zone around $0.0050-$0.0059 will be important. If the ZIL price dips, these levels may bring in new buyers. If ZIL pushes above the immediate barrier at around $0.0083 and holds, the next major chart resistance comes in around $0.0090-$0.011, but traders should be careful. When the price moves this far, and the RSI gets so high, some profit-taking is likely.