Market Overview: Zilliqa/Tether (ZILUSDT) 24-Hour Summary

Summary
• ZILUSDT tested key support near $0.00462, finding temporary bids before a rebound.
• Volume spiked during a morning consolidation phase, suggesting possible short-term stabilization.
• RSI and MACD show weakening bullish momentum, with price hovering near the 20-period MA.

Zilliqa/Tether (ZILUSDT) opened at $0.00471 on 2025-12-17 at 12:00 ET, reached a high of $0.00477, and closed at $0.00466 by 12:00 ET on 2025-12-18. The pair traded between $0.0046 and $0.00477 over the 24-hour window, with total volume reaching approximately 96.1 million ZIL and a turnover of $455,500 (assuming average price).

Structure & Formations

Price found strong resistance near $0.00468 and support near $0.00462, with a bearish engulfing pattern visible around 05:30 ET as price broke below a key support level. A bullish harami appeared near 13:45 ET, suggesting short-term indecision and potential reversal.

Moving Averages

On the 5-minute chart, price remained below the 20 and 50-period moving averages for most of the session, indicating short-term bearish bias. On the daily chart, ZILUSDT holds above the 50-period MA but below the 100 and 200-period lines, showing a neutral to mildly bearish alignment.

MACD & RSI

The MACD line crossed below the signal line in the early morning, reinforcing bearish momentum. RSI has hovered in the mid-40 to 50 range, indicating a lack of clear overbought or oversold conditions and pointing to sideways consolidation ahead.

Bollinger Bands

Price spent most of the session within the Bollinger Bands, with a brief contraction noted at 08:00 ET followed by a moderate expansion. The 20-period bands remained relatively wide, signaling continued volatility in short-term trading.

Volume & Turnover

Volume spiked during a key consolidation phase between 05:30 and 06:30 ET, coinciding with a breakdown below $0.00465. However, price failed to make a meaningful move after that, creating a volume-price divergence suggesting weak follow-through from sellers.

Fibonacci Retracements

Recent 5-minute swings show price finding support at the 38.2% Fibonacci level (~$0.00463) multiple times, reinforcing its significance. On the daily chart, the 61.8% level (~$0.00462) appears to have capped further downside risk.

Forward-looking, ZILUSDT may test $0.00458 as a potential floor in the next 24 hours, though bullish follow-through appears limited. Traders should remain cautious of potential breakouts or breakdowns from the $0.00462–$0.00468 range.