Market Overview for Zilliqa (ZILUSD) – 2025-08-30 12:00 ET

• Zilliqa (ZILUSD) traded in a tight range on low volume, with a marginal 0.27% rally at the 24-hour close.
• Momentum indicators remain neutral, with RSI hovering near the mid-40s and MACD bars showing little divergence.
• Volatility appears suppressed, as Bollinger Bands contract slightly and price clings to the midline without clear direction.
• No significant candlestick patterns emerged during the 24-hour window; price consolidation dominates.

Zilliqa (ZILUSD) opened at $0.01122 on 2025-08-29 12:00 ET and closed at $0.01123 at 12:00 ET on 2025-08-30. The price reached a high of $0.01123 and a low of $0.01102 during the period. Total trading volume amounted to approximately 91,138.2 ZIL, with a notional turnover of roughly $1,028.13 USD.

Structure & Formations

The 15-minute ZILUSD chart displayed minimal price movement over most of the session, with a short-lived bearish correction observed between 02:15–03:15 ET. A modest bullish reversal occurred in the early hours of 2025-08-30, with price recovering to close above a small bearish engulfing pattern formed the prior evening. Key support around $0.01102 appears intact, with resistance forming near $0.01123. A doji candle observed at 00:15 ET indicates indecision, but no clear trend has emerged.

Moving Averages

On the 15-minute chart, the 20- and 50-period SMAs have converged near $0.01120, suggesting a continuation of consolidation. On the daily chart, the 50- and 200-period SMAs are still trending higher, but price remains below both, indicating a potential long-term overbought condition. The 100-period SMA, currently near $0.01119, acts as a temporary resistance.

MACD & RSI

The MACD line remains flat and below the signal line, reflecting weak momentum. RSI oscillated between 35 and 45 over the past 24 hours, suggesting a lack of directional bias. A mild overbought condition could develop if price holds above $0.01123, though no immediate reversal signals have materialized.

Bollinger Bands

Bollinger Bands have begun to contract, signaling a potential pre-move in volatility. Price has remained within the upper third of the bands for most of the session, suggesting a possible test of the $0.01123 resistance level. A break beyond the upper band could trigger a short-lived rally, though volume is too low to justify a strong directional move.

Volume & Turnover

Trading volume remained subdued throughout the session, with most 15-minute candles showing zero or near-zero volume. A few minor spikes occurred near $0.01105 and $0.01123, suggesting some accumulation but no sustained buying pressure. Notional turnover mirrored the volume pattern, with no divergences observed.

Fibonacci Retracements

Fibonacci retracements drawn from the $0.01102 low to the $0.01123 high indicate that ZILUSD is currently near the 61.8% retracement level, a key psychological threshold. A close above this level could trigger a pullback to the 50% or 38.2% retracement levels as buyers take profits.

Backtest Hypothesis

A backtesting strategy focusing on the Bullish Engulfing pattern was applied to ZILUSD between 1-Jan-2022 and 30-Aug-2025. The logic involved detecting daily Bullish Engulfing patterns and holding positions for 48 hours, exiting after 2 calendar days regardless of performance. The strategy relies on the idea that a strong reversal pattern, particularly on a daily timeframe, may signal a short-term buying opportunity. This aligns with the current technical analysis, where ZILUSD is testing a potential bullish reversal level near $0.01123. Should a daily Bullish Engulfing form and confirm, it could serve as a signal to initiate a 48-hour trade. However, the current low-volume environment suggests limited conviction, and caution is advised before applying the strategy in isolation.

Looking ahead, ZILUSD may continue to test $0.01123 and $0.01102 as resistance and support, respectively. A breakout above $0.01123 could see a pullback to $0.01117–0.01119, but a failure to hold above $0.01105 could see renewed bearish pressure. Investors should remain cautious given the lack of volume and momentum, and consider using Fibonacci retracements and Bollinger Band breakouts to gauge volatility shifts.