Market Overview for Nillion/Tether (NILUSDT)

Summary
• Price declined from 0.0777 to 0.0768 on strong volume, indicating bearish sentiment.
• A long lower shadow at 0.0762 suggests potential short-term support.
• RSI near 30 implies oversold conditions, hinting at possible bounce.
• Bollinger Bands show price consolidation near the lower band, pointing to low volatility.
• Volume surged during the 17:15–18:30 ET window, coinciding with the sharp drop.

At 12:00 ET on 2026-01-04, Nillion/Tether (NILUSDT) opened at 0.0774, peaked at 0.0777, and bottomed at 0.0762, closing at 0.0768. Total 24-hour volume reached 1,933,645.3 units, with 152,131.88 USDT in notional turnover.

Structure & Formations

Price formed a bearish trend with multiple lower highs and lower lows, especially during the 17:15–19:45 ET window. A notable bullish engulfing pattern at 0.0762–0.0764 may signal short-term support.

Volatility and Momentum

Bollinger Bands reflect a narrow consolidation phase before the drop, with price ending near the lower band. RSI approached oversold territory (29–32), suggesting potential for a rebound unless sellers dominate further.

Volume and Turnover

Volume spiked to over 740,000 units at 17:15 ET and remained elevated through 19:30 ET, confirming bearish conviction. Turnover expanded in line with volume, with no clear divergence to invalidate the move.

Key Resistance and Support

Immediate support lies at 0.0762–0.0764, with a potential retest of 0.0768 as resistance if buyers emerge. On the 20-period 5-min chart, the 20 EMA crossed below 50 EMA, reinforcing bearish momentum.

While a short-term bounce is possible from current levels, continuation of bearish pressure could test 0.0759 if volume remains strong. Investors should monitor the 0.077–0.0773 range for signs of a reversal.