Zilliqa/Tether (ZILUSDT) Market Overview for 2025-09-25

• ZILUSDT fell 0.47% in 24 hours, with price testing key support levels around 0.01045–0.0105.
• Volatility remained elevated, with Bollinger Band expansion suggesting increased uncertainty.
• RSI remained neutral, indicating no clear overbought or oversold conditions.
• Volume surged during the price decline, confirming bearish momentum in the late night session.
• A bearish engulfing pattern emerged near the 0.01056 level, signaling a potential continuation of the downward trend.

24-Hour Summary

Zilliqa/Tether (ZILUSDT) opened at 0.01104 on 2025-09-24 12:00 ET, peaked at 0.01112, and closed at 0.01040 by 2025-09-25 12:00 ET. The pair traded between 0.01038 and 0.01112, with total volume reaching ~314.6 million ZIL and notional turnover of ~$3.29 million. The 24-hour price action reflects bearish bias amid increased volatility.

Structure & Formations

The 15-minute chart shows a key bearish engulfing pattern near 0.01056, formed during the early morning hours on 2025-09-25. This pattern suggests a continuation of the downward trend after a brief consolidation. Additionally, price found support near 0.01045–0.0105 but failed to hold above these levels. A doji formed at 0.01055, indicating indecision, though volume during this candle was relatively low.

Moving Averages

Short-term momentum appears bearish. The 20-period and 50-period moving averages on the 15-minute chart are both below the current price, reinforcing the downward trend. On the daily chart, the 50-period moving average remains above the 200-period, indicating a longer-term bearish bias.

MACD & RSI

The MACD turned negative during the late evening hours, with the signal line crossing below it, confirming bearish momentum. RSI hovered around the 50 level, suggesting a balanced market but no clear overbought or oversold conditions. This neutrality implies a potential continuation of the current trend without a strong reversal signal.

Bollinger Bands

Bollinger Bands have expanded significantly over the past 24 hours, indicating rising volatility. Price has traded below the lower band for much of the session, particularly during the overnight hours, suggesting bearish control. A contraction in the bands may signal a potential reversal, but for now, the trend appears intact.

Volume & Turnover

Volume surged during the key bearish breakdown from 0.0106 to 0.0105, with a peak of ~21.7 million ZIL traded during the 01:00–01:15 ET candle. Notional turnover spiked as well, reaching a 24-hour high during the same period. This confirms strong bearish conviction. However, volume has since tapered off, suggesting a possible near-term exhaustion in the move lower.

Fibonacci Retracements

The 0.01056–0.01066 swing high in the overnight session has acted as a key resistance area, with price now testing the 61.8% retracement level at 0.01049. A breakdown below this level would likely target the 78.6% retracement at 0.01038. On the daily chart, the 61.8% retracement of the recent move is near 0.0103–0.0104, a critical support zone.

Backtest Hypothesis

The observed bearish engulfing pattern and breakdown below key moving averages suggest a potential short-term continuation of the downtrend. A backtest strategy could involve a sell entry at the close of the bearish engulfing candle, with a stop-loss placed just above the high of 0.01056 and a target at the 61.8% Fibonacci level at 0.01049. A trailing stop could be initiated as price moves toward the target. Given the high volume and MACD divergence, the setup offers a high-probability short trade with defined risk parameters.