Market Overview: Nillion/Tether (NILUSDT) 24-Hour Action

Summary
• Price surged from 0.0681 to 0.0708 with strong momentum in late ET hours.
• Volume spiked over 692k at 12:30 ET, confirming bullish continuation.
• RSI above 60 and MACD positive suggest overbought but sustained momentum.
• 0.0694–0.0696 acted as a key support cluster, later becoming a resistance pivot.
• Bollinger Bands widened, signaling rising volatility ahead of a potential breakout.

Nillion/Tether (NILUSDT) opened at 0.0681 on 2025-12-07 12:00 ET, reached a high of 0.0715, a low of 0.0662, and closed at 0.0697 on 2025-12-08 12:00 ET. Total volume was 11.7 million, and turnover was $815,000.

Structure and Candlestick Patterns

The 24-hour chart shows a clear bullish bias, with a powerful 5-minute engulfing pattern forming at 12:30 ET on a close of 0.0708 after a 0.0694 open. A key resistance cluster formed at 0.0694–0.0696, later flipped to support as price tested and bounced. A morning pullback at 0.0679–0.0682 also formed a bullish harami, reinforcing buying pressure into the afternoon.

Moving Averages and Trend Context

On the 5-minute chart, price spent most of the session above the 20- and 50-period moving averages, suggesting a short-term bullish trend. The 50-period MA crossed above the 20-period MA in the early hours, a potential buy signal. While daily MA data is absent, the 5-minute trend remains intact with price above all major fast-moving averages.

Momentum and Overbought Conditions

RSI climbed to 61.5 at the 12:30 ET high, indicating overbought conditions but not extreme levels. The MACD remained positive through much of the session, peaking at 0.0016. This suggests that while momentum is high, a pullback could occur without a complete trend reversal.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly between 12:00–12:30 ET as the price surged, with the 12:30 high reaching the upper band. The mid-band was around 0.0697, and the lower band at 0.0687. Volatility increased sharply, consistent with a breakout move.

Volume and Turnover Divergence

Volume surged at the breakout point, with a 692,287.0 traded at 12:30 ET, the highest in the session. Turnover spiked in sync with volume, confirming the strength of the move. Earlier in the morning, a sharp drop to 0.0669 was met with 524k volume, suggesting liquidation before a rebound. No major price/volume divergence was observed, supporting the bullish case.

Fibonacci Retracements

The key 0.0669–0.0715 range saw retracements at 0.0687 (38.2%), 0.0698 (50%), and 0.0706 (61.8%). Price tested the 50% and 61.8% levels before consolidating. The 61.8% retracement may act as a short-term ceiling or pivot if the trend continues.

With momentum intact and volume confirming the breakout, Nillion/Tether appears poised to test 0.0715–0.0720 over the next 24 hours. However, a pullback to 0.0694–0.0696 could trigger a consolidation phase. Investors should watch for divergence between price and volume or a break below the 0.0691 support as a cautionary signal.