Market Overview for Zilliqa/Tether (ZILUSDT)

Summary
• Price opened at 0.00479 and closed at 0.00485, with a 5-minute consolidation near 0.00485.
• Volatility increased as price moved between 0.00473 and 0.00495, with a 5.3% range.
• Notional turnover surged to $141,204.91 at 14:30 ET, while volume peaked at 28,698,162.1.
• RSI signaled overbought conditions briefly, but momentum failed to confirm.
• A bullish engulfing pattern formed at 0.00485–0.00487, suggesting short-term support.

Zilliqa/Tether (ZILUSDT) opened at 0.00479 on 2025-12-29 12:00 ET and closed at 0.00485 the next day at 12:00 ET, reaching a high of 0.00495 and a low of 0.00473. Total volume was 217,238,394.0 and notional turnover amounted to $103,415.32 over 24 hours.

Structure & Formations

The price action showed a strong rebound near 0.00485 after a sharp decline to 0.00473, forming a bullish engulfing pattern at the close of the 15-minute candle on 12:00 ET. Key support appears to be consolidating around 0.00482–0.00485, with resistance forming at 0.00489–0.00491.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs closely tracked the price, indicating a sideways bias. The 50-period SMA has remained below the 100-period and 200-period SMAs on the daily chart, suggesting medium-term bearish pressure, though recent price action has started to close above the 50-period line.

Momentum and Volatility

The RSI reached an overbought level near 65 on the 14:30 candle but failed to maintain above 60, indicating potential exhaustion in the rally. MACD lines showed a positive divergence during the morning rally but failed to confirm with strong histogram volume. Bollinger Bands expanded significantly in the late afternoon, signaling increased volatility.

Volume and Turnover

Volume spiked to 28.7 million ZIL at 14:30 ET, coinciding with the high of 0.00495. However, the corresponding turnover of $141,204.91 was the largest of the session, suggesting genuine participation. A divergence appeared between volume and price later in the day as volume declined without a sharp price move.

Fibonacci Retracements

A key 5-minute swing from 0.00473 to 0.00495 found price consolidating at the 61.8% level (~0.00485) before a minor retest of 0.00488. Daily retracements from the previous week’s low to high suggest further resistance at 0.00492–0.00496.

The market appears to be in a short-term consolidation phase after a sharp price range expansion. A break above 0.00489 could trigger a test of 0.00494–0.00496 resistance, while a retest of 0.00480–0.00482 support could confirm a temporary pause in the rally. Traders should remain cautious of potential false breakouts.