Market Overview for Zilliqa/Tether (ZILUSDT) – 2025-09-14

• ZILUSDT declined by ~8.5% in 24h, closing at 0.01187.
• Key support tested at 0.01200–0.01203, with bearish momentum confirmed by RSI and MACD.
• Volume spiked during mid-overnight selloff, but turnover failed to confirm strength, suggesting mixed conviction.
• Bollinger Bands constricted during early ET, then expanded as price broke lower.

Zilliqa/Tether (ZILUSDT) opened at 0.01222 on 2025-09-13 at 12:00 ET and closed at 0.01187 on 2025-09-14 at 12:00 ET, with a high of 0.01234 and a low of 0.01187. Total volume over the 24-hour period was 114,268,991.04, and notional turnover stood at $1,403,976.68. Price action shows a bearish reversal amid moderate volatility and diverging volume patterns.

Structure & Formations

Price action revealed key resistance levels at 0.01222–0.01227 and support at 0.01203–0.01208. A bearish engulfing pattern formed around 2025-09-13 22:00 ET as the candle opened at 0.01220 and closed at 0.01226 after a high of 0.01234. Following that, a series of long lower wicks and weak closes indicated exhaustion in the bullish side. By early 2025-09-14, price tested and broke below the 0.01203 level, with a doji appearing at that level, signaling potential bearish continuation.

Moving Averages

On the 15-minute chart, the 20-EMA crossed below the 50-EMA, forming a death cross. The 50-EMA at 0.01215 and the 200-EMA at 0.01213 were both pierced by the closing price. This suggests bearish momentum likely to persist in the short term. On the daily chart, the 50 and 200 EMAs are converging and currently aligning around 0.01213–0.01215, reinforcing the bearish bias as price breaks below these lines.

MACD & RSI

The 15-minute MACD line moved sharply below the signal line after the 22:00 ET candle, indicating bearish momentum. The RSI dipped below 30 early on 2025-09-14, suggesting oversold conditions, though a rebound did not follow, pointing to ongoing bearish pressure. This divergence between RSI and price suggests a possible test of key support levels without immediate bullish reversal signs.

Bollinger Bands

Bollinger Bands constricted tightly during the early part of the session before expanding as price broke below the lower band. The 20-period Bollinger Bands had a standard deviation of ~0.00006 at 12:00 ET-1, widening to ~0.00010 by 12:00 ET. Price closed below the lower band, indicating increased bearish volatility and the potential for further downside in the near term.

Volume & Turnover

Volume spiked significantly during the 22:00–00:00 ET period, with a 15-minute candle at 22:00 ET recording ~2.15 million ZIL in turnover. However, notional turnover failed to confirm the price action, indicating mixed conviction among traders. The divergence between volume and price during the 03:00–05:00 ET period also suggested uncertainty in the market, with weak closes despite moderate volumes.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour high (0.01234) and low (0.01187), the 38.2% level is at ~0.01213 and the 61.8% at ~0.01203. Price has now broken below the 61.8% retracement, suggesting that key support is at ~0.01195–0.01190. A bounce from this area could see a test of the 61.8% level again, but a break below the 0.01187 low may indicate a deeper correction.

Backtest Hypothesis

A potential backtesting strategy for ZILUSDT could involve a short bias when price closes below the 61.8% Fibonacci retracement level and confirms bearish divergence on the RSI. Entry could be triggered on a break below key support at 0.01203, with a stop-loss placed just above the 0.01215–0.01217 range. This aligns with the observed bearish engulfing pattern and the 50/200 EMA convergence, suggesting a favorable risk-reward ratio for short-term bearish trades over the next 24–48 hours.