Market Overview: Zilliqa (ZILUSD) 24-Hour Analysis

• Zilliqa (ZILUSD) consolidates near $0.01164, with a 0.43% 24-hour gain.
• A breakout attempt stalled at $0.0119, followed by a pullback to $0.0115.
• High volatility noted around 19:45 ET, but no sustained follow-through.
• Volume surged during the $0.0119 peak at $0.01169, confirming short-term bullish momentum.
• RSI near 50 suggests neutral momentum, while MACD remains flat, indicating indecision.

Zilliqa (ZILUSD) opened at $0.01143 on 2025-08-27 12:00 ET and closed at $0.01164 by 2025-08-28 12:00 ET. The price reached a high of $0.01208 and a low of $0.0111 during the period. Total volume amounted to 48,741.3 ZIL with a notional turnover of $575.39.

Structure & Formations

The candlestick chart shows a bullish breakout attempt during the 19:45–20:00 ET window, with a bullish candle closing at $0.0119. However, this was followed by a rapid reversal and consolidation below $0.0116. A notable engulfing pattern formed at $0.01164–0.01156 (20:15–20:30 ET), indicating a potential bearish reversal. A bullish pinocchio candle occurred at 04:30–04:45 ET, suggesting a possible short-term bottom. No strong doji patterns were observed, but price has shown sideways behavior in recent hours, with key support at $0.0115 and resistance at $0.01169.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned near $0.0115–0.0116, indicating a neutral-to-bullish bias. On the daily chart, the 50-period and 100-period lines are close to $0.0116, with the 200-period SMA offering a longer-term baseline. Price is above all three moving averages, suggesting that the short-term trend remains bullish, but strength is not confirmed unless the 50-period line is firmly cleared.

MACD & RSI

The MACD histogram has been shrinking in size, reflecting waning momentum. The MACD line crossed below the signal line during the 22:00–23:00 ET period, indicating a bearish crossover. RSI has been consolidating near the 50 level for the past several hours, suggesting a neutral stance. While RSI has not entered overbought or oversold territory, the lack of a strong divergence implies that the market remains in balance, with no strong directional bias.

Bollinger Bands

Price has been moving within the Bollinger Bands for much of the 24-hour period, with a brief expansion at $0.0119–0.01169 (19:45–20:00 ET), indicating a spike in volatility. During the consolidation phase, the bands have narrowed, suggesting a period of low volatility and potential breakout conditions. The price has been bouncing between the midline and the lower band, suggesting a possible test of the $0.0115 level in the coming hours.

Volume & Turnover

Volume spiked during the $0.0119 high at 19:45–20:00 ET, with a large candle closing at $0.0119 and a notional turnover of $559.93. However, volume dropped significantly afterward, indicating that the move lacked follow-through. During the consolidation phase, volume has been minimal, with most candles showing zero or negligible activity. This suggests that the market is in a pause phase, with limited conviction on either side.

Fibonacci Retracements

Applying Fibonacci retracements to the key 19:45–20:00 ET swing shows a 38.2% retracement at $0.01183 and a 61.8% retracement at $0.01169. Price has been consolidating near the 61.8% level, suggesting that this may act as a support or resistance zone. If the price breaks above $0.01169 with strong volume, it could target $0.01183 or $0.01193.

Backtest Hypothesis

A potential backtest strategy could involve a breakout above the 61.8% Fibonacci level at $0.01169 with volume confirmation, followed by a stop-loss below the 38.2% level at $0.0115. A target could be placed at $0.01183 with an initial stop loss of 1.5% below the entry. This setup leverages both the Fibonacci structure and volume dynamics observed in the 19:45–20:00 ET move. However, the flat MACD and neutral RSI suggest that a breakout may not be immediate and could face early resistance.