Market Overview for Zilliqa (ZILUSD) – 24-Hour Analysis (2025-09-02)

• Zilliqa tested key support at $0.01081 before rebounding.
• Momentum waned mid-session but saw a late rally into the close.
• Volatility remained low, with price action consolidating within tight bands.
• Turnover surged during the afternoon and into early evening hours.
• A bullish engulfing pattern emerged after 19:30 ET.

Zilliqa (ZILUSD) opened at $0.01115 on 2025-09-01 at 12:00 ET, reaching a high of $0.01125 and a low of $0.01081 before closing at $0.01116 on 2025-09-02 at 12:00 ET. Total volume traded was 185,449.5 units, while notional turnover amounted to approximately $2,077.65 over the 24-hour period.

Structure & Formations

ZILUSD displayed a bearish breakdown during the afternoon session, falling below the $0.01105–$0.01110 range that had served as a consolidation area. A strong rebound from the daily low at $0.01081 followed, marked by a bullish engulfing candle at $0.01118–$0.01116, indicating renewed buying interest. A doji at $0.01116–$0.01116 near the close suggests a temporary pause in momentum, with buyers and sellers appearing to be at equilibrium.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA were closely aligned throughout the day, both hovering near the $0.01115–$0.01120 range, suggesting a neutral to slightly bullish bias. The price briefly closed above the 20-EMA after the late rally, reinforcing a potential short-term reversal. On the daily chart, the 50/100/200 EMA lines remained relatively flat, with the 50-EMA sitting just below the 100-EMA, indicating no strong directional bias.

MACD & RSI

The MACD line crossed below the signal line mid-day, signaling bearish momentum, but a subsequent crossover back above the zero line in the early evening confirmed a short-term reversal. RSI dropped to ~30 during the afternoon sell-off before recovering to ~47 by close, suggesting oversold conditions were met with a corrective rally. RSI remains neutral, with no clear overbought or oversold extremes for the day.

Bollinger Bands

Volatility remained subdued for most of the day, with price staying within a narrow Bollinger Band range. The consolidation tightened between $0.01105 and $0.01115 before a late expansion occurred, with the price closing near the upper band at $0.01116. This suggests a potential breakout or continuation scenario, though the tight band suggests low conviction in either direction.

Volume & Turnover

Trading volume remained muted until the afternoon, when a surge in volume—particularly between 19:30 and 21:00 ET—coincided with a sharp sell-off and subsequent rebound. The largest single candle in terms of turnover was the 19:30 ET candle, with 58,531.1 units traded. However, volume declined sharply after 21:00 ET, suggesting the rally lacked broad participation. The price and volume divergence after 21:00 ET could imply a shallow bounce rather than a sustainable reversal.

Fibonacci Retracements

Applying Fibonacci retracement levels to the intraday swing from $0.01081 to $0.01125, the 38.2% level (~$0.01109) and 61.8% level (~$0.01119) were key support and resistance levels. The price briefly hit the 61.8% retracement at $0.01119, suggesting a potential ceiling for the rebound. The 38.2% level was tested twice, with the first test failing but the second holding, suggesting a possible short-term pivot. On the daily chart, the 61.8% retracement of the longer-term downtrend remains near $0.01130, a key psychological level to watch.

Backtest Hypothesis

The recent price action aligns with a potential breakout strategy: buying on a close above the 15-minute Bollinger Band upper limit, with a stop-loss placed below the 61.8% Fibonacci retracement level. A backtest of this strategy over the past 30 days would likely show mixed results due to the asset’s low volatility and narrow consolidation periods. A refinement could involve including a RSI divergence filter—only entering long positions after a bullish RSI divergence and volume confirmation. This approach could reduce false breakouts and improve risk-adjusted returns.