Market Overview for Zilliqa/Tether (ZILUSDT) on 2025-10-01

• ZILUSDT opened at $0.01017, reaching a high of $0.01097 before closing at $0.01085, showing strong late-day volatility.
• A key breakout above $0.01045 in the morning led to a sharp spike in volume and momentum.
• Late-day consolidation between $0.01082 and $0.01095 suggests short-term equilibrium, but divergence in volume hints at possible reversal.
• The 24-hour turnover hit $107.4 million, with over $29 million traded in a single 15-minute period.
• A bullish engulfing pattern formed at $0.01032 and $0.01046, signaling potential for further upside.

Zilliqa/Tether (ZILUSDT) opened at $0.01017 on 2025-10-01 and reached a high of $0.01097 before closing at $0.01085 by 12:00 ET. The pair traded a total volume of 103.8 million ZIL with a notional turnover of approximately $107.4 million. The late-day action saw increased volatility and a sharp divergence in volume, suggesting mixed market sentiment.

Over the last 24 hours, ZILUSDT displayed a clear bullish bias during the morning hours, especially around 05:45–06:00 ET, with a breakout above $0.01045. However, buying pressure waned in the afternoon, with the price consolidating between $0.01082 and $0.01095. A bullish engulfing pattern formed at $0.01032 and $0.01046, which may indicate a continuation of the bullish trend if confirmed by a breakout above $0.01095. Key resistance appears at $0.01095–0.01097, while a breakdown below $0.01082 could signal a return to lower levels.

Structure & Formations

The price formed a series of key structures over the past 24 hours, with the most notable being a bullish engulfing pattern between $0.01032 and $0.01046. This occurred after a sharp rally from $0.01025 to $0.01046, indicating a potential reversal in short-term bearish sentiment. Additionally, a bearish divergence in volume appeared after the morning breakout, with volume declining despite continued price movement. Key support levels to watch include $0.01082 and $0.01078, while resistance sits at $0.01095 and $0.01097. A doji formed near $0.01085 in the late afternoon, suggesting a potential pause in the upward trend and increased uncertainty among traders.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in the morning, forming a bullish crossover around $0.01040–0.01045. This crossover confirmed the morning rally and reinforced the bullish bias. On the daily chart, the 50-period moving average currently sits at $0.01039, while the 100-period is at $0.01032 and the 200-period at $0.01025, all indicating a long-term bullish trend. The price remains above all three major daily moving averages, suggesting continued upward bias.

MACD & RSI

The MACD line crossed above the signal line around $0.01040–0.01045, confirming the morning rally and maintaining a bullish signal. The histogram expanded during the breakout but began to shrink in the afternoon as momentum waned. The RSI reached a peak of 65 in the morning, suggesting moderate strength but not overbought conditions. In the afternoon, RSI fell to around 55–58, indicating a potential pause in the bullish trend. If RSI breaks below 50 and remains there, it could signal a near-term correction.

Bollinger Bands

The price remained within the Bollinger Bands throughout the day, with the upper band reaching as high as $0.01097 and the lower band sitting near $0.01028. The bands widened significantly during the morning breakout, signaling increased volatility. In the afternoon, the bands began to contract slightly, suggesting a potential consolidation phase. Price has spent much of the day in the upper half of the bands, indicating a continuation of the bullish trend but with some exhaustion in buying pressure.

Volume & Turnover

Volume spiked sharply during the morning breakout, with over 25 million ZIL traded in a single 15-minute interval. This was followed by a sharp decline in volume in the afternoon, despite continued price movement, suggesting a bearish divergence. The highest notional turnover occurred during the same 15-minute period, with approximately $29 million in trades. Volume remains above average for the asset but has not shown consistent confirmation of the bullish bias in the afternoon.

Fibonacci Retracements

Fibonacci levels based on the morning breakout from $0.01025 to $0.01046 showed key retracement levels at $0.01036 (38.2%) and $0.01032 (61.8%). The price tested the 61.8% level in the afternoon and failed to break through, indicating potential resistance. Looking ahead, the 78.6% retracement is at $0.01026, which could act as support if the price retraces. On a broader scale, the daily Fibonacci levels based on the recent swing from $0.01013 to $0.01097 show key resistance at $0.01076 (38.2%) and $0.01061 (61.8%), both of which the price has not yet tested.

Backtest Hypothesis

The morning breakout and bullish engulfing pattern suggest a potential long entry setup. A backtest could test the hypothesis of entering long on a close above $0.01046, with a stop loss placed below $0.01032. The target for this setup would be based on the 61.8% Fibonacci extension of the morning rally, which is at $0.01061. This strategy could be evaluated for its profitability and risk-reward ratio using historical data over the past 30 days.