Market Overview for Zilliqa/Tether USDt (ZILUSDT) on 2025-09-06

• ZILUSDT formed a bullish breakout above 0.01132, with strong volume confirmation
• Momentum accelerated mid-day, as RSI climbed into overbought territory
• Volatility expanded during key breakouts, with Bollinger Bands widening
• Turnover surged during price advances but diverged slightly in the final 6 hours

Zilliqa/Tether USDt (ZILUSDT) opened at $0.01125 on 2025-09-05 12:00 ET, hit a high of $0.01146, a low of $0.01119, and closed at $0.01123 on 2025-09-06 12:00 ET. Total volume over 24 hours was 13,686,405 ZIL, with a notional turnover of approximately $151,159 (based on average price of ~$0.01109).

Structure & Formations

ZILUSDT formed multiple key patterns over the 24-hour period. A bullish breakout above the 0.01132 resistance level was confirmed by both volume and price action. Between 19:30 and 21:00 ET on the 5th, the price tested and held above this level, suggesting a shift in short-term sentiment. A 15-minute bullish engulfing pattern occurred at 20:30 ET, followed by a strong continuation. Later in the session, the price retested key support at 0.01131, finding buyers at 0.01127 and 0.01124. A notable doji formed at 04:30 ET on the 6th, suggesting a temporary equilibrium between buyers and sellers. The final candle on the 12:00 ET close closed at 0.01123, slightly below the 0.01125 20-period SMA, indicating a potential pullback.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs moved upward during the breakout phase, with price staying above the 20 SMA for most of the session. The 50 SMA acted as a dynamic support line, particularly in the late evening, as the price dipped toward it before rebounding. On the daily chart, price remained above the 50-period SMA but was approaching the 100-period SMA at ~0.01129, suggesting potential support in the short term. The 200-period SMA is currently at ~0.01115, which could act as a key floor if the near-term trend reverses.

MACD & RSI

The MACD line turned positive mid-session, reaching a peak at around 0.000015 as bullish momentum surged. The histogram expanded during the breakout phase but began to contract in the final hours, signaling potential exhaustion. RSI climbed into overbought territory (above 65) after the 20:30 ET candle, but has since retraced. RSI remains above 50, indicating overall bullish bias. A bearish divergence developed between the RSI and price in the last 6 hours, which may suggest a short-term correction is likely.

Bollinger Bands

Bollinger Bands widened significantly during the 20:00–22:00 ET period, as volatility increased during the breakout. The price remained above the upper band briefly at 20:45 ET before retreating. Since the late hours of the 6th, bands have started to contract, signaling a potential consolidation phase. Price has been hovering near the mid-band for much of the session, suggesting a possible equilibrium is forming.

Volume & Turnover

Volume spiked during the breakout above 0.01132, with a 15-minute bar recording over 1.1 million ZIL traded. The highest turnover occurred around 03:15 ET on the 6th, with a 15-minute volume of 1.1 million ZIL at prices near 0.01143. The final hours saw a noticeable drop-off in volume, with price continuing to move but without confirmation from notional turnover. A divergence between volume and price in the last 6 hours suggests caution may be warranted.

Fibonacci Retracements

Applying Fibonacci retracement to the 0.01119–0.01146 swing, key levels include 38.2% at 0.01129 and 61.8% at 0.01136. The 0.01129 level was tested in the late hours but rejected. On the daily chart, the 61.8% level of the previous week’s range (~0.01138) is now a key resistance area. The price currently sits just below the 38.2% retracement level, suggesting a test of this area may occur in the next 24 hours.

Backtest Hypothesis

Given the observed breakouts and confirmatory volume patterns, a viable backtesting strategy could involve entering long on a confirmed breakout above the 20-period SMA with a stop below the 50-period SMA. A trailing stop could be set at 1.5% below entry price. Alternatively, a short position may be considered if RSI shows a bearish divergence with price and volume begins to decline, with a stop above the recent high. This strategy would be tested using a 15-minute chart, with entries and exits based on price action and technical confirmation.