Market Overview for Nillion/Tether (NILUSDT)

Summary
• Price swung between 0.0733 and 0.0768, with a bearish reversal pattern forming at the top.
• High-volume pullbacks occurred during declines, suggesting selling pressure.
• RSI showed overbought and oversold extremes, reflecting choppy momentum.
• Volatility expanded during a late-night rally but contracted in early morning.

At 12:00 ET–1 on 2026-01-16, Nillion/Tether (NILUSDT) opened at 0.0758 and reached a high of 0.0768 before closing at 0.0756 at 12:00 ET on 2026-01-17. The pair traded between 0.0733 and 0.0768, with total volume of 9,270,989.6 and turnover of 681,994.94 USDT.

Structure & Formations

Price action displayed a distinct bearish reversal formation near 0.0768, marked by a large upper wick and a failure to retest that level after a brief rally. Key support levels were identified at 0.0755 and 0.0743, with 0.0733 acting as a potential short-term floor. A morning doji at 0.0756 suggested indecision among buyers and sellers.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart crossed over multiple times, signaling a sideways, range-bound session. RSI oscillated between overbought (70+) and oversold (<30) levels, reflecting erratic price swings. MACD showed a mixed signal with a narrowing histogram suggesting waning momentum.

Volatility and Volume

Bollinger Bands reflected a moderate increase in volatility during the late-night rally, with prices briefly breaching the upper band before retreating. Volume was notably higher during downswings, especially in the 17:15–19:00 ET range, which confirmed bearish bias.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart indicated key retracements at 0.0755 (61.8%) and 0.0760 (50%), aligning with the morning consolidation phase.

Traders may watch for a potential break of the 0.0755 support level to confirm further downward bias, or a retest of 0.0768 for a possible reversal. Price action remains volatile, and sharp moves could occur with minimal catalysts. Investors should be cautious of sudden liquidity shifts or news-driven volatility in the next 24 hours.