Market Overview for Zilliqa/Tether (ZILUSDT) on 2025-09-26

• ZILUSDT traded in a narrow 0.0101–0.01045 range, with a bearish close.
• Negative momentum in RSI and MACD signals fading bullish bias.
• Volatility increased with Bollinger Band expansion during the NY session.
• High volume confirmed key support at 0.01015, with no major pattern breakout.
• Fibonacci retracement levels at 0.01022 and 0.01031 acted as key pivots.

The Zilliqa/Tether pair (ZILUSDT) opened at 0.01044 on 2025-09-25 at 12:00 ET and closed at 0.01021 on 2025-09-26 at 12:00 ET, registering a total volume of 98,030,777.3 ZIL and a notional turnover of $999,116.48. The price action spanned a 0.01049 high to a 0.01012 low, indicating a consolidating bearish tone.

Structure & Formations

Price action on ZILUSDT revealed a key support cluster between 0.01015 and 0.01018, which held firm during a bearish leg from 0.01032 to 0.01015 on the night of 2025-09-25. A bullish hammer pattern formed at 0.01015, suggesting short-term stabilizing behavior. The 0.01022–0.01024 range functioned as resistance during the morning session, with a rejection of a 0.01026 high signaling potential bearish exhaustion. A potential bearish engulfing pattern developed after 05:30 ET on 2025-09-26, reinforcing downward bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward through the session, confirming a bearish bias. The 50-period MA crossed below the 20-period MA in the early hours, forming a death cross. On the daily chart, the 50/100/200 MA lines showed a bearish alignment, with the price trading below all three, confirming the medium-term downtrend.

MACD & RSI

The MACD turned negative in the early morning and remained bearish through the session, with a bearish crossover confirming weakening momentum. The RSI fell into oversold territory around 0.01015, signaling potential for a short-term bounce. However, the bearish divergence between price and RSI during the 08:00–09:30 ET window indicated continued bearish control. A bullish RSI crossover occurred briefly near the close, but it lacked volume confirmation, casting doubt on its significance.

Bollinger Bands

Bollinger Bands expanded during the 19:00–02:00 ET period, indicating increased volatility. Price traded near the lower band during the overnight session and bounced off it multiple times, suggesting a possible support zone. The bands narrowed briefly during the morning before expanding again, signaling a potential reversal or continuation phase.

Volume & Turnover

Volume spiked during the 19:00–20:00 ET window as the price broke below 0.01026 toward 0.01015. This high-volume bearish move confirmed the breakdown. Later, volume dropped off during the consolidation phase, indicating reduced conviction. The turnover-to-volume ratio remained stable, suggesting consistent participation without signs of wash trading.

Fibonacci Retracements

Fibonacci retracement levels from the 0.01012 low to the 0.01049 high highlighted key levels at 0.01022 (38.2%), 0.01031 (61.8%), and 0.01049 (100%). The 0.01022 level acted as a pivotal support during the morning, while the 0.01031 resistance held during the afternoon. Price failed to retest 0.01034–0.01036, suggesting a lack of follow-through from bullish players.

Backtest Hypothesis

A backtest strategy targeting a short position on ZILUSDT could be triggered by a close below the 20-period moving average with volume above the 14-day average. This would be confirmed by a bearish MACD crossover and RSI below 30. A stop-loss could be placed above the 0.01034–0.01036 resistance range, with a target near 0.01012. Such a setup would align with the current bearish momentum and support-level breakdown observed in the last 24 hours.