Market Overview for Zilliqa/Tether (ZILUSDT) on 2025-12-10

Summary
• Price formed bearish structure on 5-minute chart, with key support near 0.00552.
• Momentum weakened as RSI approached oversold levels, suggesting potential rebound.
• Volume increased during the late ET hours, aligning with downward price action for confirmation.
• Bollinger Bands showed contraction, indicating reduced volatility and possible breakout.
• Turnover remained stable, showing no signs of extreme divergence from price.

Zilliqa/Tether (ZILUSDT) opened at 0.00579 on 2025-12-09 12:00 ET, reached a high of 0.00583, a low of 0.00550, and closed at 0.00552 by 2025-12-10 12:00 ET. Total volume was 82.2 million ZIL, with a notional turnover of approximately $456,000 in the 24-hour period.

Structure & Formations

Price action on the 5-minute chart showed a bearish bias, with a significant break below the 0.00560 psychological level. A key support zone formed around 0.00552–0.00554, where the price found a floor twice during the session. A potential bullish reversal pattern emerged in the final hour, with a small-bodied candle forming near the lower end of the range.

Moving Averages

The 20- and 50-period moving averages on the 5-minute chart were below the price, reinforcing the bearish bias. On the daily chart, the 50-period MA sat above the 100- and 200-period lines, indicating a possible flattening of the longer-term downtrend.

MACD & RSI

MACD showed a bearish crossover during the early ET hours and remained in negative territory for much of the session. RSI approached oversold levels during the late ET hours, reaching as low as 28, hinting at a potential near-term rebound.

Bollinger Bands

Bollinger Bands experienced a contraction during midday ET, indicating low volatility and a potential breakout period. Price closed near the lower band, which may now act as a short-term floor.

Volume & Turnover

Volume remained steady throughout the day but spiked in the late ET hours as price approached key support levels. Turnover increased in alignment with price action, confirming the bearish move rather than showing divergence.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing (0.00579 to 0.00550), price closed near the 61.8% retracement level at 0.00560–0.00562. This suggests the move may still have room to the downside if support at 0.00552 breaks again.

Zilliqa/Tether appears to be in a consolidation phase after a sharp decline, with oversold RSI and a potential support test offering a possible short-term rebound. Traders should monitor the 0.00552–0.00554 zone closely. A break below this level could open the way to 0.00550, but a strong bounce could trigger a retest of the 0.00560 barrier. Investors should remain cautious, as volatility may increase if the market tests this key support.