Market Overview: Zilliqa/Tether (ZILUSDT) Daily Summary – 2025-10-10

• ZILUSDT traded in a narrow range for most of the day before a late surge toward 0.01095.
• Momentum remained mixed with RSI hovering near neutral and MACD trending sideways.
• Late-day volume spiked sharply after 15:00 ET, confirming a bullish breakout.
• Bollinger Bands widened during the final 4 hours, reflecting heightened volatility.
• Price tested a 61.8% Fibonacci level at 0.01087 before closing near session highs.

At 12:00 ET–1 on 2025-10-10, Zilliqa/Tether (ZILUSDT) opened at 0.01044, reached a high of 0.01099, and closed at 0.01072 after hitting a low of 0.01029. Total 24-hour volume amounted to 106,281,795.8 ZIL with a notional turnover of $10,948,769.42.

Structure & Formations

The 24-hour chart for ZILUSDT showed a choppy early session followed by a late bullish breakout after 15:00 ET. A key resistance cluster between 0.01086 and 0.01095 held as price tested this range multiple times. A bullish engulfing pattern formed between 09:45 ET and 10:00 ET, confirming a short-term upward shift. A long-legged doji near 0.01051 at 16:00 ET suggested indecision following the late rally.

Moving Averages and Momentum

On the 15-minute chart, the 20-period SMA (0.01071) crossed above the 50-period SMA (0.01067), signaling a potential short-term bullish bias. The MACD histogram showed a modest positive divergence, while the RSI hovered around 55, indicating neutral momentum with no overbought or oversold extremes. Daily moving averages showed ZILUSDT closing above its 50-day SMA (0.01064), supporting a mildly bullish stance.

Volatility and Fibonacci Levels

Bollinger Bands expanded significantly during the final four hours, reflecting increased volatility around the key 0.01092 level. Price closed just below the 61.8% Fibonacci retracement at 0.01096, suggesting that a test of this level could occur if the current bullish momentum holds. A 38.2% retracement at 0.01083 also showed brief consolidation before the final rally.

Backtest Hypothesis

Given the late-day bullish breakout and confirmed engulfing pattern, a viable backtest strategy could involve a long entry at 0.01087 with a stop-loss placed below 0.01083 and a target aligned with the 61.8% Fibonacci level at 0.01096. This approach leverages price action and Fibonacci levels to capitalize on the breakout.