Summary
• ZILUSDT traded in a 0.00476–0.00498 range, with key support at 0.00482 and resistance at 0.00496.
• A bullish engulfing pattern emerged at 0.00483 after a consolidation phase, suggesting potential reversal.
• Volume surged in the final hours, confirming a push above 0.00490 but failed to hold 0.00497.
• RSI reached 57, suggesting moderate momentum without overbought conditions.
• Bollinger Bands narrowed in the morning before a sharp expansion, signaling increased volatility.
Zilliqa/Tether (ZILUSDT) opened at 0.00483 on 2025-12-15 at 12:00 ET and closed at 0.00487 on 2025-12-16 at 12:00 ET, with a high of 0.00498 and low of 0.00476. Total 24-hour volume was 95,968,377 ZIL, and notional turnover stood at approximately $447,147.
Structure and Formations
The 5-minute chart revealed a series of tight consolidations followed by a bullish engulfing pattern at 0.00483, signaling potential reversal. A small-bodied candle at 0.00497 suggested indecision near the upper end of the trading range. The price found strong support at 0.00482 and resistance at 0.00496, with the 61.8% Fibonacci level aligning near 0.00494, reinforcing this level’s significance.
Volume and Turnover
Volume surged in the final 4 hours of the 24-hour window, confirming the upward push above 0.00490 but failed to hold 0.00497. Notional turnover mirrored the volume spikes, particularly around the 0.00490–0.00497 range, indicating increased participation. Price and turnover aligned during the late-session rally, reinforcing the strength of the move.
Momentum and Volatility
MACD showed a positive crossover and mild divergence during the late rally, suggesting continued upward momentum. RSI rose to 57, indicating moderate strength without entering overbought territory.
Bollinger Bands narrowed in the early part of the window, then expanded with the price hovering near the upper band, signaling increased volatility and a potential pullback.
Forward Outlook
The 0.00496–0.00497 range could see renewed attempts to break through, with momentum indicators and volume favoring a bullish bias. However, traders should remain cautious as divergence in the RSI may signal a potential reversal. A close above 0.00497 would be a positive signal, while a drop below 0.00483 could indicate a short-term correction.
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