Summary
• ZILUSDT tested key support at 0.00550 before bouncing, with a bullish engulfing pattern forming near 0.00555–0.00557.
• Momentum waned through the RSI, suggesting possible oversold conditions after a sharp drop below 0.00552.
• Volatility expanded through 0.00560–0.00580, with price retesting upper Bollinger Band levels around 0.00576.
• Turnover spiked during 20:00–21:30 ET, confirming the early morning rally but diverging from afternoon volume.
• Fibonacci retracements showed 0.00556 as a probable 50% retracement level following the 0.00535–0.00576 upswing.
Price and Volume Snapshot
Zilliqa/Tether (ZILUSDT) opened at 0.00555 on 2025-12-06 12:00 ET, reached a high of 0.00589, a low of 0.00530, and closed at 0.00537 by 12:00 ET on 2025-12-07. Total volume across the 24-hour period was 823,267,155.3999999, with a notional turnover of $3,824,472.86 (based on ZILUSDT price movements).
Structure and Patterns
The 24-hour OHLCV data shows a distinct bearish impulse from 0.00576 to 0.00530, with key support levels forming at 0.00550 and 0.00535. A bullish engulfing pattern emerged near the 0.00555–0.00557 range, suggesting a potential reversal. A morning doji around 0.00556–0.00557 also signaled indecision before the price resumed its downward drift.
Momentum and Volatility
The RSI for the 5-minute chart showed a sharp decline into oversold territory, dipping below 30 at 0.00534–0.00535, hinting at short-term exhaustion. MACD diverged from price during the afternoon session, with negative momentum building in the 0.00551–0.00556 range.
Volatility was most pronounced between 0.00550 and 0.00576, with Bollinger Bands expanding during the 20:00–21:30 ET window.
Volume and Turnover Divergence
While price declined through the 0.00556–0.00530 range, volume remained relatively moderate, showing no significant accumulation. A key spike in turnover occurred during 20:00–21:30 ET as price surged to 0.00576–0.00589, confirming the move. However, afternoon volume and turnover showed divergence during the 0.00550–0.00556 range, suggesting mixed conviction.
Fibonacci Retracements
Applying Fibonacci levels to the 0.00530–0.00576 swing, 0.00556 represents the 50% retracement level. Price stalled near this level multiple times, indicating potential support or re-entry zones for short-term traders.
ZILUSDT appears to be consolidating after the sharp move down to 0.00530, with 0.00550–0.00556 offering a probable near-term range. A break below 0.00535 could extend the move lower, but a rebound above 0.00556 may invite short-term buyers. Traders should remain cautious for further divergence in volume and momentum indicators over the next 24 hours.
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