Market Overview: Zilliqa/Tether (ZILUSDT) – 24-Hour Analysis as of 2025-10-08

• ZILUSDT opened at $0.01067 and closed at $0.01073, with a 24-hour high of $0.01083 and low of $0.01053.
• Price consolidated in a range between $0.0106 and $0.0108 with a breakout attempt in the final hours of the day.
• Volume increased notably during the afternoon and evening ET, with a peak of 2.8 million ZIL in a 15-minute period.
• RSI remained in neutral territory (40–60) most of the day, suggesting balanced buying and selling pressure.
• Bollinger Bands showed a modest expansion late in the session, indicating rising short-term volatility.

Zilliqa/Tether (ZILUSDT) opened at $0.01067 on October 7 at 12:00 ET and closed at $0.01073 at the same time the following day. The pair reached a high of $0.01083 and a low of $0.01053. Total volume for the 24-hour period was approximately 104.7 million ZIL, with notional turnover reaching around $11.3 million, based on average prices. The price action reflected a tug-of-war between short-term bullish and bearish forces, with a late session breakout attempt suggesting potential for further movement ahead.

Price action over the 24-hour period revealed a consolidation pattern between key levels of $0.0106 and $0.0108, with the 15-minute candles forming a number of doji and inside bars. These patterns suggest indecision among traders, particularly between $0.0106 and $0.0107. A notable bearish engulfing pattern emerged at the top of the range during the morning, followed by a bullish reversal attempt in the afternoon and evening. These dynamics indicate that the market may be approaching a breakout or breakdown, with either side having the potential to gain control depending on how the next few sessions unfold.

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, with the price hovering slightly above both. This suggests a neutral bias in the short-term trend, with no clear direction established. The 50-period daily moving average currently lies below the current price, supporting the possibility of a broader bullish bias in the medium-term. The MACD crossed into positive territory in the final hours of the day, indicating a potential shift in momentum to the upside. RSI remained within the 40–60 range for most of the session, suggesting balanced participation from both buyers and sellers.

Bollinger Bands showed a contraction early in the session, followed by a moderate expansion in the afternoon and evening, signaling a rise in volatility. The price closed near the upper band in the final candle, suggesting strength in the short term. Fibonacci retracements applied to the recent 15-minute swing (from $0.01053 to $0.01083) showed the current price near the 61.8% level, a key psychological threshold. A break above this level could target the next resistance at $0.01085–$0.01088, while a breakdown could retest the $0.01053 support level.

The backtest hypothesis involves using a breakout strategy based on 15-minute Bollinger Band and RSI signals. When price closes above the upper Bollinger Band and RSI exceeds 55, it triggers a long entry. Conversely, a close below the lower band with RSI below 45 triggers a short entry. Stop-loss is set at 1.5% below/above entry, and take-profit at 2x the stop-loss distance. This strategy aims to capture volatility-driven movements in a ranging market like ZILUSDT. Given today’s late expansion and RSI neutrality, the conditions appear favorable for potential long entries in the upcoming session if the breakout holds.