Market Overview for Nillion/Tether (NILUSDT)

Summary
• Price tested key support at 0.0688 and rebounded with confirmation from volume and price action.
• Momentum diverged during bearish breakdown attempts, with RSI signaling oversold conditions by 04:45 ET.
• Volatility expanded after 05:00 ET, with a 0.0703–0.0705 consolidation forming potential near-term resistance.

At 12:00 ET–1, Nillion/Tether (NILUSDT) opened at 0.0704, reached a high of 0.0705, a low of 0.0681, and closed at 0.0705 at 12:00 ET. Total 24-hour volume was 700,528.5, and notional turnover was 48,496.52 USDT.

Structure & Formations

Price broke down to a critical support level at 0.0688 during the 20:30–22:00 ET window but rebounded decisively, forming a bullish reversal pattern. A key consolidation phase between 05:00 and 06:00 ET suggested buyers regained control.

Moving Averages and MACD

The 20-period and 50-period 5-minute moving averages crossed in a bullish configuration as price pushed back above 0.0703. The MACD showed a narrowing histogram, suggesting a potential pause in momentum before a continuation.

RSI and Bollinger Bands

RSI hit oversold levels below 30 during the breakdown attempt, followed by a strong rebound that brought it back into neutral territory. Price remained within expanding Bollinger Bands, suggesting increased volatility is likely to continue.

Volume and Turnover

Volumes spiked during the 05:00–06:00 ET consolidation phase, with a total of 121,084.2 traded at the peak. Notional turnover also surged during this period, confirming bullish conviction.

Fibonacci Retracements

A 61.8% retracement level of the 0.0681–0.0705 swing was confirmed at 0.0696, aligning with a key resistance-turned-support level that now appears to act as a floor for the next 24 hours.

Looking ahead, price may test 0.0705 for a potential breakout if bullish momentum continues. However, traders should watch for a pullback into the 0.0693–0.0695 range, which could trigger further consolidation. As always, volatility remains high, and sudden corrections are possible.