Market Overview for Nillion/Tether (NILUSDT)

Summary
• Nillion/Tether declined 6.6% over 24 hours, with bearish momentum confirmed by RSI divergence and volume expansion.
• Price broke below key 20-period support at $0.0715–$0.0719, with no immediate reversal signs.
• Bollinger Band contraction began at $0.0721–$0.0719, followed by a sharp expansion and breakout to $0.0677.
• A bearish engulfing pattern formed at $0.0720–$0.0716, aligning with Fibonacci 61.8% retracement of the prior bullish swing.
• Volume surged to $50.6k at $0.0703, contrasting with a bearish close near 24-hour lows.

Nillion/Tether (NILUSDT) opened at $0.0721 on 2025-12-10 at 12:00 ET, reached a high of $0.0733, and closed at $0.0677 on 2025-12-11 at 12:00 ET, with a low of $0.0671. Total volume was 16.9 million, with notional turnover of $1.18 million over 24 hours.

Structure & Momentum

Price action unfolded in a bearish sequence from $0.0733, forming a bearish engulfing pattern at $0.0720–$0.0716. The 20-period moving average at $0.0721 offered resistance, but failed to hold. A 61.8% Fibonacci retracement at $0.0719 aligned with a failed bounce, confirming the breakdown. RSI, which peaked at 58 early in the session, declined steadily, signaling waning bullish momentum.

Volatility and Volume

Bollinger Bands showed a contraction at $0.0721–$0.0719 before a sharp expansion as price broke to the downside. Volume spiked at $0.0703, with 308,077.2 units traded, confirming the bearish shift. Turnover also surged during the 00:15–00:45 ET window, suggesting increased participation. Volume diverged from price near $0.0720, hinting at internal selling pressure.

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Forward Outlook and Risk

The breakdown to $0.0671 may test psychological support at $0.0650–$0.0660, with a potential bounce scenario if buyers emerge below $0.0700. However, with RSI near oversold territory and no clear reversal structure yet, a further test of $0.0670 seems likely. Investors should monitor volume for signs of accumulation and watch for a bullish divergence as a potential reversal signal.