Summary
• Price formed bullish continuation patterns after testing key resistance at 0.075.
• Volume increased significantly between 02:00–05:15 ET, confirming upward momentum.
• RSI hovered near overbought territory, suggesting short-term profit-taking could be imminent.
Nillion/Tether (NILUSDT) opened at 0.0726 on 2025-12-29 at 12:00 ET-1, reached a high of 0.0759, a low of 0.0725, and closed at 0.0752 at 12:00 ET. The total volume over the 24-hour period was 3,305,257.7 units, with notional turnover of 243,074.13 USD.
Structure & Formations
Price tested a key resistance level at 0.075 between 04:00 and 05:15 ET, with a strong bullish breakout confirmed by engulfing patterns and higher lows. A bearish doji emerged near 05:30 ET, hinting at short-term consolidation. Support is likely to hold at 0.0749–0.0751 in the near term, based on Fibonacci retracement of the 0.0725–0.0759 swing.
Moving Averages
On the 5-minute chart, the 20SMA and 50SMA have crossed to bullish alignment, reinforcing the recent upside. Daily MAs (50/100/200) suggest a longer-term trend is still neutral to slightly bullish, though shorter-term momentum has accelerated.
MACD & RSI
The MACD histogram has remained positive since 02:00 ET, with a narrowing gap suggesting potential exhaustion of bullish momentum. RSI has approached overbought levels (70+), which may trigger profit-taking or consolidation before a new leg higher.
Bollinger Bands
Volatility expanded significantly during the 02:00–05:15 ET rally, with price moving above the upper band. The current close sits near the upper band of the Bollinger envelope, suggesting a potential retrace to the middle band could be in play.
Volume & Turnover
Volume surged between 02:00–05:15 ET, with turnover rising in tandem, confirming the bullish breakout. However, at 05:30–05:45 ET, volume dipped while price remained elevated, signaling a potential pause in buying pressure.
Fibonacci Retracements
The 61.8% retracement level of the 0.0725–0.0759 swing falls near 0.0746, which may offer near-term support. Price currently sits near the 78.6% retracement level, indicating a possible test of the 0.0755–0.0758 resistance area ahead.
Looking ahead, traders may watch for a test of 0.0755–0.076 as the next key resistance level, while 0.0749 remains critical support. Investors should be cautious of potential overbought divergence in the RSI and manage position sizes accordingly.
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