Summary
• Price remains in a tight range, with key resistance near $0.0046 and support at $0.00447.
• Downtrend momentum visible in late afternoon ET with declining RSI.
• Volatility expanded near 20:45 ET as price tested $0.00463 highs.
• Volume picked up during a morning rally but faded in afternoon trading.
• Bollinger Bands constrict in final hours, signaling potential consolidation.
Price and Volume Snapshot
Zilliqa/Tether (ZILUSDT) opened at $0.00455 on 2025-12-23 12:00 ET, reached a high of $0.00463, and closed at $0.0045 at 12:00 ET on 2025-12-24. The 24-hour volume was 31,968,474 ZIL, with a notional turnover of $140,102.
Structure & Formations
Price action showed multiple indecision candles near $0.00456–0.00458 during morning and late afternoon hours. A bullish engulfing pattern formed around 20:15 ET as price rebounded from $0.00457, but failed to sustain above $0.0046. Key support levels held at $0.0045 and $0.00448, with $0.00463 acting as a strong resistance cap.
Moving Averages
Short-term 20-period and 50-period moving averages on the 5-minute chart showed a flattening trend, indicating reduced momentum. Daily 50/100/200-period MA lines all sat above $0.00457, suggesting a bearish bias on a longer time frame.
Momentum and Volatility
Relative Strength Index (RSI) showed a gradual decline after a sharp rally near $0.0046, suggesting weakening bullish momentum. Bollinger Bands widened in the early evening session as volume increased, then narrowed toward the close, hinting at a potential consolidation phase.
Volume and Turnover
Volume surged near $0.0046 as buyers attempted a breakout, but turnover failed to confirm, signaling caution. Later in the session, volume dropped despite continued sideways trading, showing lack of conviction from traders.
Fibonacci Retracements
A key 5-minute swing from $0.00451 to $0.00463 saw price retest the 61.8% level at $0.00455–0.00456, where it found initial resistance. Daily retracements showed price near the 38.2% level of the broader bearish move, which could be a pivotal support zone.
Price appears to be in a period of indecision, with buyers attempting to defend $0.00455 but sellers maintaining control above $0.0046. A break below $0.00448 could accelerate the decline, but the market may pause near $0.00455 for support in the near term. Investors should remain cautious of increased volatility if the 61.8% Fibonacci level gives way.
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