Market Overview: Nillion (NILUSDT) on 2025-07-18

• Nillion (NILUSDT) surged past key resistance near $0.3300 on strong volume during the overnight session.
• A bullish breakout above $0.3300 was confirmed by a strong close above this level with positive divergence in RSI.
• Volatility expanded significantly after 06:00 ET, with Bollinger Bands widening and price staying near the upper band.
• Heavy accumulation was observed between $0.3270–$0.3300, with a large volume spike at the $0.3300 level.
• The 15-minute chart shows a bullish continuation pattern, with price above the 20 and 50-period moving averages.

Nillion (NILUSDT) opened at $0.3288 on 2025-07-17 at 12:00 ET and closed at $0.3296 on 2025-07-18 at 12:00 ET, with a high of $0.3425 and a low of $0.3172. Total volume for the 24-hour period was 12,229,196.8 units, and notional turnover reached $3,925,546.43.

Structure & Formations

Price action on the 15-minute chart revealed a strong bullish reversal pattern around $0.3270–$0.3300, with a bullish engulfing pattern forming after the price tested this range multiple times. A key support level was identified near $0.3270, where accumulation was evident. Resistance was confirmed at $0.3300, with a strong close above this level indicating a breakout may be underway.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended upward during the breakout phase, with price staying above both. This suggests short-term bullish momentum. On the daily chart, the 50-period and 100-period moving averages were not available in this dataset, but the 200-period MA would need to be referenced for a longer-term context.

MACD & RSI

The MACD crossed above the signal line during the breakout, confirming a bullish shift in momentum. RSI showed a positive divergence during the consolidation phase, with values rising despite sideways price action. RSI peaked near 65–70, indicating moderate overbought conditions, but not extreme.

Bollinger Bands

Bollinger Bands expanded significantly during the morning hours, with price staying near the upper band for most of the session. This expansion suggests increased volatility and a potential continuation of the upward trend.

Volume & Turnover

Volume spiked sharply at key levels, particularly at $0.3300 and $0.3340. Notional turnover increased in tandem, indicating strong participation and conviction in the move higher. No significant price-volume divergence was observed, suggesting the bullish move is well-supported.

Fibonacci Retracements

On the 15-minute chart, the $0.3300–$0.3340 move aligned with the 61.8% Fibonacci retracement level from a prior correction, suggesting strong psychological support. Daily Fibonacci levels would provide additional context if available.

Nillion appears to be in a strong short-term uptrend, with key resistance levels now acting as support. Traders may watch for a retest of the $0.3300 level for confirmation of a sustained move higher. However, a pullback into the $0.3270–$0.3280 range could test the strength of the breakout, and volatility may remain elevated in the next 24 hours. Investors should remain cautious of potential bearish divergences in the RSI and watch for volume confirmation on any pullbacks.