Market Overview for Zilliqa/Tether (ZILUSDT) on 2025-12-29

Summary
• ZILUSDT tests 0.00475 support after 24-hour bearish consolidation and failed rebound.
• Momentum shifts with RSI diverging below 50 and volume surging in late ET session.
• Bollinger Bands constrict midday before sharp break below, indicating heightened bear pressure.
• Key 50-period MA on 5-min chart now acts as dynamic resistance near 0.00482–0.00483.
• Fibonacci 61.8% retracement aligns with 0.00475–0.00476 level, likely next critical support.

Zilliqa/Tether (ZILUSDT) opened at 0.00484 at 12:00 ET−1, reaching a high of 0.00494 before closing at 0.00479 at 12:00 ET. The 24-hour low was 0.00473. Total traded volume amounted to 38,483,712 ZIL, with notional turnover of approximately $18,425.

Structure and Formations

The price action reveals a bearish breakdown after a failed attempt to reclaim the 0.00485–0.00490 resistance range. A large bearish engulfing pattern formed around 14:30 ET, confirming the shift in sentiment. Key support levels are at 0.00475 (61.8% Fib) and 0.00481 (38.2% Fib), with resistance lingering near 0.00484–0.00486.

Moving Averages and Momentum

The 50-period MA on the 5-min chart currently sits at ~0.00482, acting as a dynamic overhead line. RSI has dropped to ~33, indicating moderate oversold conditions, though divergence in volume suggests further downside risk. MACD crossed bearish at 03:45 ET, remaining in negative territory with moderate bearish divergence.

Volatility and Bollinger Bands

Volatility constricted between 11:00 and 14:00 ET as price hovered near the 20-period Bollinger Bands midline before breaking decisively below the lower band at 14:30 ET. This sharp move increased volatility metrics and reinforced bearish conviction.

Volume and Turnover

Volume spiked at 14:30 ET during the breakdown, with a 5-minute notional turnover of ~$11,480. This was among the highest in the 24-hour period, confirming the move’s legitimacy. Turnover and price are aligned, with no bearish divergence detected, supporting the likelihood of a continuation of the downward trend.

ZILUSDT appears to be entering a lower volatility phase with price consolidating near key Fibonacci levels and the 50-period MA. A retest of 0.00475 may trigger further bearish momentum, but a rebound above 0.00485 could reverse the bias. Investors should watch for a sustained move above 0.00486 as a potential reversal signal, though risk remains to the downside over the next 24 hours.