Zilliqa/Tether Market Overview: 2025-10-23

• ZILUSDT drifted lower for much of the session but closed near the 0.00773 support level.
• A bearish divergence appears in RSI with price, hinting at potential overbought short-term exhaustion.
• Volatility expanded in the early morning ET as ZILUSDT approached the 0.00754 low, but buyers retook control after 20:00 ET.
• The 20-period 15-minute MA is bearish but flattened in the past two hours, suggesting short-term stabilization.
• Fibonacci retracement levels from the 0.00783 high to 0.00748 low now frame key resistance at 0.00769 and support at 0.00762.

Zilliqa/Tether (ZILUSDT) opened at 0.00783 on 2025-10-22 at 12:00 ET, hit a high of 0.00786 and a low of 0.00748, and closed at 0.00773 on 2025-10-23 at 12:00 ET. Total volume across the 24-hour period reached 88.5 million ZIL, with notional turnover at $689,731. The pair displayed a volatile intraday pattern, with a notable pullback from the 0.00786 high to the 0.00748 level before a late rally back to 0.00773.

The 20-period and 50-period 15-minute moving averages remained bearish throughout the session, but the 50-period line has begun to flatten, reflecting a potential shift in momentum. A bearish divergence emerged in the RSI, which failed to rise with price action toward the 0.00773 level, suggesting short-term overbought conditions could reverse. Bollinger Bands widened after the 0.00748 low, indicating increased volatility and the potential for a consolidation phase. Price closed near the lower Bollinger Band, hinting at possible near-term support.

Fibonacci levels drawn from the 0.00783 high to the 0.00748 low show the 61.8% retracement at 0.00769 and the 38.2% at 0.00762. The 0.00769 level coincides with the 15-minute 20-period MA and appears as a potential pivot point. A bullish engulfing pattern formed after 20:00 ET, with a close above the prior candle’s high, signaling a possible short-term reversal. Key support appears at 0.00773, where price found a floor in the final hour.

Over the next 24 hours, ZILUSDT may attempt a retest of the 0.00769 resistance, with a break above potentially opening the door to 0.00778. However, a failure to hold the 0.00773 support could trigger a retest of 0.00762 and beyond. Investors should remain cautious as volatility remains elevated and momentum indicators suggest a potential reversal is in play.

A backtest of a resistance-based breakout strategy could be informed by the Fibonacci and MA levels identified in this analysis. A buy signal would be triggered if ZILUSDT closes above the 0.00786 high, while an exit could be initiated upon a close below 0.00762 or after a 60-day time stop. This aligns with the described strategy of “buying ZILUSDT with Resistance Level, hold until breakout.” The resistance level could be defined as the 20-period high, and the exit rule could incorporate a Donchian-style exit based on the 10-period low.