Market Overview for Zilliqa/Tether (ZILUSDT) on 2026-01-10

Summary
• ZILUSDT broke above key resistance with strong bullish momentum, closing near session high.
• Volatility expanded during late ET hours, with volume confirming the breakout.
• RSI shows overbought conditions near 75, suggesting potential near-term pullback.

Zilliqa/Tether (ZILUSDT) opened at $0.0053 on 2026-01-09 12:00 ET, touched a high of $0.0054, a low of $0.00515, and closed at $0.00538 at 12:00 ET on 2026-01-10. Total volume was 62,184,644.3 ZIL, and notional turnover reached $333,715.

Structure & Formations

Price action on the 5-minute chart revealed a strong bullish breakout above the 0.00532–0.00533 resistance cluster, confirmed by a large bullish engulfing pattern in early ET hours. A key support level formed at 0.00521–0.00522, which held during earlier consolidation before the breakout. A long lower wick during the 12:00–12:15 ET candle suggests buying pressure at lower levels, reinforcing the 0.00521 support.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart crossed bullish during the late ET session, with price above both. On the daily chart, the 50-period moving average is positioned just below the 0.00531 level, which may act as short-term support.

MACD & RSI

The MACD turned positive with a strong bullish crossover during the 8:00–8:15 ET hour and remained in positive territory for the rest of the session. RSI reached 75 by late ET, signaling overbought conditions and increasing the likelihood of a near-term correction.

Bollinger Bands

Volatility expanded significantly during the breakout phase, with price pushing above the upper band. The bands were relatively wide, indicating increased uncertainty and potential for continuation or pullback. Price closed just below the upper band, suggesting a test of that level may occur soon.

Volume & Turnover

Volume surged during the breakout period, particularly between 8:00 and 9:00 ET, with the largest single 5-minute volume at 6,381,249.4 ZIL. Notional turnover spiked in line with price action, confirming bullish momentum. No significant divergence was observed between price and volume.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.00515 to 0.00540 swing, the 0.00533–0.00535 range corresponds to the 38.2%–50% retracement levels, which now appear to be key support/resistance clusters. The 61.8% level sits at ~0.00537 and may offer a near-term resistance target.

Looking ahead, the 0.00533–0.00535 cluster appears critical for maintaining the bullish bias, while a test of the 0.00540 high could indicate further upside. Traders should watch for potential pullbacks into the 0.00521–0.00523 range, where strong support could re-ignite a rally. As always, volatility remains elevated, and sudden reversals could occur with news or market sentiment shifts.