Market Overview: Nillion/Tether (NILUSDT) 24-Hour Analysis

Summary
• Price broke below key support at 0.0774, triggering a 3.8% decline over 24 hours.
• Strong bearish momentum confirmed by RSI divergence and MACD bearish crossover.
• Bollinger Bands show rising volatility, with price near the lower band.
• Volume surged during the 20:15–03:00 ET window, confirming bearish sentiment.

At 12:00 ET–1, Nillion/Tether (NILUSDT) opened at 0.0776, reached a high of 0.0795, and fell to a low of 0.0770 before closing at 0.0772 by 12:00 ET. Total 24-hour volume was 5,248,902.7, with a turnover of 403,468.01 USDT.

Structure & Formations

Price action showed a bearish breakdown below the 0.0774 support level, confirmed by a engulfing bearish candle at 20:15 ET. A doji at 00:15 ET hinted at short-term indecision but failed to reverse the trend.

Moving Averages and Fibonacci

On the 5-minute chart, price remains below the 20- and 50-period SMAs, reinforcing bearish momentum. The 61.8% Fibonacci retracement of the 0.0772–0.0795 swing is at 0.0779, where further resistance is likely.

Momentum and Volatility

RSI dipped into oversold territory (30) by 05:45 ET, but no reversal was confirmed. MACD crossed bearishly in the evening session, with negative divergence. Bollinger Bands widened after 20:15 ET, reflecting increased volatility.

Volume and Turnover

Volume spiked sharply during the breakdown phase, peaking at 1.34M units in the 23:30 ET candle. Turnover increased 30% after 00:00 ET, aligning with price weakness. No meaningful divergence between price and turnover was observed.

Price may test 0.0768–0.0770 as the next support zone in the coming 24 hours. A break below 0.0770 could target 0.0764. Investors should remain cautious about short-term volatility and potential continuation of bearish momentum.