Bithumb Suspends Deposits and Withdrawals for Crucial ZIL Network Upgrade

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 10 2025

Should l Buy ZIL?

Bithumb's Temporary Suspension: South Korean exchange Bithumb will temporarily halt ZIL deposits and withdrawals starting November 17 at 2:00 a.m. UTC for a crucial ZIL network upgrade, while ZIL trading will remain active.
Benefits of the ZIL Network Upgrade: The upgrade aims to enhance Zilliqa's blockchain infrastructure, improving transaction speed, security protocols, and overall network stability, which could boost investor confidence and adoption.
User Preparation Tips: Users are advised to complete urgent ZIL transactions before the suspension, monitor Bithumb for updates, and keep their ZIL assets in their wallets during the maintenance period.
Impact on ZIL's Price: While network upgrades generally have minimal direct impact on cryptocurrency prices, positive developments from the upgrade may influence market sentiment favorably.

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Technical Analysis for ZIL

Technical Sentiment Analysis for Zilliqa (ZIL). As of , Zilliqa (ZIL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZIL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ZIL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Zilliqa (ZIL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00332	0.00361	0.00389	0.00418	0.00446	0.00475	0.00503
Fibonacci	0.00361	0.00383	0.00396	0.00418	0.0044	0.00453	0.00475

About ZIL

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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