Market Overview: Zilliqa/Tether (ZILUSDT) 24-Hour Summary – 2025-10-12

• ZILUSDT opened at $0.00797, reached a high of $0.00826, and closed at $0.00823, showing a bullish reversal from earlier bearish pressure.
• Momentum accelerated in the last 3 hours, with RSI rising above 50 and volume surging to over 10 million.
• Price broke above the 20-period and 50-period moving averages, suggesting near-term bullish bias.
• Volatility increased sharply in the last 15-minute candle, pushing price to the upper Bollinger Band.
• Turnover peaked at $86.3 million on the 15:00 ET candle, confirming a breakout after hours of consolidation.

Zilliqa/Tether (ZILUSDT) opened at $0.00797 on 2025-10-11 at 12:00 ET and closed at $0.00823 on 2025-10-12 at the same time. The pair reached an intraday high of $0.00826 and a low of $0.00774. Total volume for the 24-hour window was approximately 86.3 million ZIL, with notional turnover reaching $6.95 million.

The price action displayed a strong bearish decline in the first half of the period, with a broad range between $0.00785 and $0.00799. A key reversal began at 15:00 ET, with a bullish engulfing pattern forming on the 15-minute chart as price surged from $0.00806 to $0.00818. The 20-period and 50-period moving averages crossed from below to above $0.00805, reinforcing the reversal.

MACD turned positive in the final 3 hours, with the histogram expanding as bullish momentum accelerated. RSI crossed above 50, reaching 58 at 16:00 ET, indicating a shift in momentum. Bollinger Bands showed a sharp expansion in the last candle, with price touching the upper band at $0.00826. This suggests increased volatility and a potential continuation of the current upward trend.

Volume spiked in the final 4 hours, particularly around the 15:00 ET and 16:00 ET candles, where turnover exceeded $1 million each. The price and volume action aligned well, suggesting strong buying interest at higher levels. Fibonacci retracements highlighted $0.00805 (61.8%) as a critical support-turned-resistance level, which was decisively breached in the final 15-minute window.

Backtest Hypothesis
A potential backtesting strategy could involve entering long positions upon a bullish engulfing pattern forming above the 50-period moving average, confirmed by a RSI crossing above 50 and a MACD crossover. Stops could be placed below the nearest Fibonacci level (e.g., 61.8% at $0.00805), with a target aligned to the upper Bollinger Band or the 78.6% retracement level. Given the recent volume confirmation and breakout above key indicators, this setup could offer a favorable risk-reward ratio.