Market Overview for Nillion/Tether (NILUSDT) on 2025-11-10

• Price fluctuated between 0.1956 and 0.1851, with bearish momentum in the final hours.
• RSI and MACD showed oversold readings, hinting at potential bounce.
• Volume surged in early morning ET, but price failed to hold key levels.

Nillion/Tether (NILUSDT) opened at 0.1944 on 2025-11-09 at 12:00 ET and closed at 0.1862 on 2025-11-10 at 12:00 ET, with a high of 0.1976 and a low of 0.1851. Total volume for the 24-hour period was 2,034,812.75 USD equivalent, and turnover reached 375,299.98 USD.

Structure & Formations

Price action over the last 24 hours showed a bearish consolidation following a short-lived breakout above 0.1970. A large bearish engulfing candle formed at 2025-1110 051500, confirming downward pressure. Later, a doji near 0.1890 suggested indecision. Key support levels appeared at 0.1920 and 0.1860, with 0.1851 acting as the recent floor.

Moving Averages

Short-term momentum is bearish, with the 20 and 50-period SMAs on the 15-minute chart showing a steep downward bias. On the daily chart, the 50-period SMA is approaching 0.1900, while the 200-period SMA remains above current levels, indicating the pair could face further downward drift if the 0.1860 level breaks.

MACD & RSI

The MACD turned negative after 170000 ET, aligning with the bearish engulfing candle. RSI hit oversold territory below 30 by 150000 ET, hinting at a potential short-term bounce. However, the inability of price to follow RSI higher suggests weak follow-through.

Bollinger Bands

Volatility increased as price approached the upper band around 0.1975 before collapsing back toward the lower band by the close. A contraction in band width occurred between 020000 and 040000 ET, followed by a sharp expansion. This suggests a period of low volatility preceding a significant price move.

Volume & Turnover

Volume spiked between 000000 and 030000 ET, coinciding with the upward thrust to 0.1984. However, this failed to lead to a lasting break. A divergence occurred between falling price and relatively steady volume after 140000 ET, indicating weakening bearish conviction.

Fibonacci Retracements

The recent 15-minute swing from 0.1862 to 0.1984 saw key retracement levels at 0.1929 (38.2%) and 0.1895 (61.8%). Price stalled near 0.1929 before falling, which may suggest 0.1895 as a potential short-term support. On the daily chart, the 61.8% level of the broader downtrend sits near 0.1835, a critical level to watch for the next 24 hours.

Backtest Hypothesis

A proposed backtesting strategy involves evaluating the impact of candlestick patterns like the Doji Star on price continuation or reversal. However, the backtest could not proceed due to a missing price feed for NILUSDT. The error indicated that the platform lacks a mapped price series for this symbol, which is critical for validating such a strategy. Moving forward, confirming the correct ticker, providing an external data file, or selecting an alternate asset would enable the backtest to proceed.