Summary
• Price drifted lower in late hours, breaking below key 5-min support near $0.00457.
• Volatility expanded as volume spiked during the final 12 hours.
• MACD turned bearish while RSI approached oversold levels, suggesting possible short-term rebound.
• Bollinger Bands widened, reflecting heightened uncertainty.
• Fibonacci retracements suggest possible near-term support near $0.00453.
Zilliqa/Tether (ZILUSDT) opened at $0.00465 on 2025-12-22 at 12:00 ET, reached a high of $0.00467, and closed at $0.00457 by 2025-12-23 12:00 ET. The pair traded between $0.00451 and $0.00467. Total volume was approximately 20.6 million ZIL, and notional turnover was $94,387.
Structure & Formations
Price action saw a breakdown from the 5-min support near $0.00457, with a bearish engulfing pattern forming on 2025-12-22 20:00. A key 5-min Fibonacci support at $0.00453 may now act as a short-term floor. The daily chart shows a 50-period EMA at $0.00461, which
may retest before potentially testing the 200-day MA at $0.00455.
Moving Averages and MACD
On the 5-minute chart, the 20 and 50-period MAs crossed bearishly in the late hours, confirming a near-term downward shift. The daily 50 and 200-period MAs remain in a bullish alignment, suggesting divergence between shorter and longer-term sentiment. MACD turned negative as bears gained control in the final 12 hours, with a bearish crossover occurring around 2025-12-22 20:00.
RSI and Bollinger Bands
RSI dipped into oversold territory near 30 during the final hours, indicating a possible bounce if short-term selling pressure wanes. Bollinger Bands saw a noticeable expansion after 2025-12-22 19:15, reflecting increased volatility. Price closed near the lower band, suggesting bears still hold short-term dominance.
Volume and Turnover
Volume surged in the 12-hour window following the breakdown of $0.00461, with over 5 million ZIL traded between 2025-12-22 19:15 and 2025-12-23 09:00. Turnover rose in tandem, confirming the bearish move. A divergence emerged between price and volume as the price continued lower with diminishing volume in the final 3 hours.
Forward Outlook and Risk
ZILUSDT may find support near $0.00453 in the next 24 hours and could test $0.00457 for re-entry by bears. A break below $0.00453 would signal a deeper correction, but a rebound above $0.00461 could trigger short-term buyers. Investors should monitor volume behavior and key Fibonacci levels for confirmation of trend continuation or reversal.
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