News Snapshot: [FXStreet Team](/author/fxstreet-team) [FXStreet](/company/fxstreet) Zilliqa price continues to descend after breaching below a crucial area of support. The current downswing might have reached its temporary bottom and is likely to reverse, allowing investors a chance to offload their holdings. However, this potential upswing will also provide sellers to open short positions on ZIL. Zilliqa price plummeted roughly 69% from its all-time high at $0.230. This downswing comes after a 400% upswing in late March. The resulting nosedive bounced off the $0.097 to $0.121 demand zone for quite some time in April but breached below it on April 26. Bitcoin…