Market Overview for Nillion/Tether (NILUSDT) – 24-Hour Summary

Summary
• Price action shows a bearish reversal pattern near 0.0775, followed by a consolidation phase.
• Momentum indicators suggest weakening bullish pressure and a possible oversold condition near 0.0752.
• Volatility expanded during the night session, with volume spiking at key resistance levels.

Nillion/Tether (NILUSDT) opened at 0.0765 on January 5 at 12:00 ET, reached a high of 0.0775, fell to a low of 0.0752, and closed at 0.0767 on January 6 at 12:00 ET. The 24-hour volume totaled approximately 1,985,000 contracts, with a notional turnover of around $150,000.

Structure & Formations

Price formed a bearish engulfing pattern near 0.0775 during the evening hours, followed by a sharp pullback and consolidation in the early morning. A potential support zone emerged around 0.0758–0.0762 during the overnight dip.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed into bearish alignment around 0.0768. On the daily chart, the 50-period line is near 0.0765, while the 200-period line sits below at 0.0760, suggesting possible support.

MACD & RSI

The RSI dipped into oversold territory below 30 during the overnight lows, while MACD showed divergent bearish momentum in the final hours of the session.

Bollinger Bands

Volatility expanded during the night with a band width increase of ~12%. Price tested the lower band near 0.0752 before bouncing, suggesting a potential bounce scenario or a deeper pullback.

Volume & Turnover

Volume spiked at key resistance levels (0.0768–0.0775), confirming rejection. Turnover diverged slightly in the early morning, indicating cautious buying.

Fibonacci Retracements

A 5-minute swing from 0.0752 to 0.0775 shows a 61.8% retrace at 0.0763–0.0765, aligning with the morning consolidation phase.

The market appears to be in a test of short-term support, with potential for a rebound toward 0.0768–0.0771. However, sustained close below 0.0758 could signal renewed bearish momentum in the next 24 hours. Investors should monitor volume behavior at key retracement levels.