Market Overview for Zilliqa/Tether (ZILUSDT) on 2025-10-14

• ZILUSDT traded in a tight range amid moderate volume, with price action consolidating near key 0.00857–0.00866 support/resistance.
• Momentum cooled as RSI approached neutral territory, suggesting potential for a short-term reversal or continuation.
• Volatility expanded in the late session, with price approaching the upper Bollinger Band and testing a 0.00882 resistance level.
• On-balance volume showed bullish divergence in the early hours, hinting at buyer interest despite a mixed candlestick structure.
• Fibonacci retracement levels suggest potential for a pullback to the 0.00871–0.00877 range following recent intraday highs.

Zilliqa/Tether (ZILUSDT) opened at 0.00857 on 2025-10-13 at 12:00 ET and traded as high as 0.00891 before closing at 0.00833 at 12:00 ET on 2025-10-14. Total volume for the 24-hour period was 200,667,029.86, with a turnover of ~$1.73 million in equivalent USD. The pair displayed a bearish bias in the late session, as prices pulled back from intraday highs amid a divergence in volume and price action.

Structure & Formations

Price action over the last 24 hours revealed a key support level at 0.00857–0.00862, with several 15-minute candles forming bullish and bearish engulfing patterns as the price tested this range. A notable doji emerged at 0.00886, signaling indecision among traders at the upper end of the trading range. Resistance levels appear to cluster near 0.00878–0.00882, with a failed breakout attempt observed in the early evening. This suggests that the pair may remain range-bound or test lower levels if buyers fail to re-enter the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged around 0.00868–0.00870, indicating a potential equilibrium point. The 50-period line crossed above the 20-period during a brief rally in the late afternoon, suggesting a short-lived bullish bias. On the daily timeframe, the 50- and 200-period SMAs have been trending downward, which could imply a longer-term bearish tilt in the broader context.

MACD & RSI

The 15-minute MACD crossed below the signal line around 0.00886, signaling a bearish crossover. The histogram has been shrinking, suggesting waning momentum. RSI moved from overbought territory (peaking at ~76) to a neutral reading of 53, indicating that the upward thrust has lost steam. While the pair did not enter oversold territory, the cooling momentum suggests the market is likely to consolidate or test key supports in the near term.

Bollinger Bands

Volatility expanded in the late session, with prices briefly touching the upper Bollinger Band at 0.00886–0.00887 before retracing. The width of the bands increased, signaling a potential shift from low volatility to a more dynamic phase. Prices have since settled near the middle band at 0.00871, suggesting a possible continuation of consolidation or a potential breakout to the downside in the next 24 hours.

Volume & Turnover

Volume surged during the late afternoon rally, with a peak of 16,045,595.00 at 0.00828. However, subsequent volume has been lower despite a larger price decline, pointing to a divergence that could indicate weakening bearish conviction. Turnover in the last 4 hours has been concentrated in the 0.0081–0.00834 range, with heavy selling pressure observed at key Fibonacci retracement levels. This suggests that the market may struggle to find strong buyers below 0.0085, potentially setting up for a test of 0.00834–0.0083.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.00834–0.00889 intraday swing, key levels of 0.00864 (38.2%) and 0.00871 (61.8%) acted as temporary pivots. Price bounced from the 61.8% level before retreating, suggesting that traders may view this as a critical near-term support. A break below 0.0085 could target the 0.00834 level, which may attract further selling pressure.

Backtest Hypothesis

The RSI-oversold strategy backtested using SPY as a proxy offers insights into how such a momentum-driven approach might behave in a range-bound or consolidating market like ZILUSDT. While ZILUSDT has not entered oversold territory during the last 24 hours, the RSI’s movement toward neutral levels suggests that the pair could benefit from a similar strategy if it were to trade below 0.0084 and re-enter overbought or oversold zones. The backtest results—modest but consistent returns with moderate drawdowns—suggest that such a strategy could be viable if adapted with tighter stop-losses and filters for volatility expansion.