Market Overview for Nillion/Tether (NILUSDT) on 2025-10-06

• Nillion/Tether (NILUSDT) traded in a 24-hour range of 0.3316–0.3519 with a closing gain of ~3.7% near the high of the session.
• Rising volume and turnover signaled increasing conviction behind the recovery from earlier bearish momentum.
• A bullish breakout above prior resistance levels was confirmed with strong volume in the final hours.
• RSI and MACD showed positive divergence, suggesting continuation potential in the near term.
• Key support at 0.3440 and resistance at 0.3497 were tested and validated with price clustering.

Nillion/Tether (ticker: NILUSDT) opened at 0.3349 on 2025-10-05 at 12:00 ET, reached a high of 0.3519, and closed at 0.3462 on 2025-10-06 at 12:00 ET. The 24-hour volume was 8,425,148.6 and turnover amounted to $2,914,597.16.

Structure & Formations

The price action over the 24-hour period revealed a multi-tiered bullish reversal, with key support levels at 0.3340 and 0.3325 being retested and respected. A notable bullish engulfing pattern emerged at 0.3352 following a period of consolidation, marking a key reversal signal. A doji formed around 0.3400, signaling indecision, but was quickly followed by a strong bullish breakout.

The price then moved through 0.3440 and 0.3450 with strong volume, confirming the breakout above prior resistance. The 24-hour chart also showed a clear bullish flag formation after a sharp dip, suggesting continuation potential.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both showed bullish crossover, reinforcing the upside momentum. The price closed above both lines, with the 50SMA acting as a dynamic support.

On the daily chart, the 50-period moving average crossed above the 100- and 200-period lines, forming a golden cross. This reinforces a medium-term bullish outlook, with price currently above all three indicators.

MACD & RSI

The MACD turned bullish in the final hours of the session, forming a positive crossover above the zero line, with a rising histogram indicating accelerating momentum. The RSI rose above 50 and approached overbought territory (~60–65), but did not breach 70, suggesting controlled strength without signs of exhaustion.

Positive divergence was observed on RSI, as price made higher highs and RSI mirrored the trend without overbought divergence, which suggests the move could continue.

Bollinger Bands

Volatility expanded significantly during the final 6 hours, with the Bollinger Bands widening from ~0.002 to ~0.014. Price closed near the upper band at 0.3462, confirming a strong bullish breakout.

Earlier in the session, the price was within the bands and showed contraction, indicating a period of consolidation. The expansion suggests increased participation and market conviction behind the upward move.

Volume & Turnover

Volume spiked during the 0300–0700 ET hours, with the largest single 15-minute volume spike at 0.3373 (13:00–13:15 ET) at ~100k volume. This coincided with a sharp price increase, validating the move.

Turnover also increased in line with price action, with no noticeable divergence between price and turnover. This confirms strong conviction and participation in the bullish trend.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.3316 to 0.3519, the price closed near the 61.8% retracement level (approx. 0.3445), a key psychological and technical level.

The 38.2% retracement (approx. 0.3425) served as temporary support earlier in the session, and the 50% level (0.3418) was also respected.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the price breaks above the 61.8% Fibonacci level with volume confirmation and RSI above 50, while exiting on a close below the 50-period moving average or upon RSI reaching overbought conditions. This would align with the observed price behavior and volume dynamics over the 24-hour window, leveraging the convergence of multiple bullish indicators.