Market Overview: Zilliqa (ZILUSDT) 24-Hour Technical Summary

• Zilliqa (ZILUSDT) advanced 24 hours with a bullish reversal pattern at 0.01170, followed by a strong rally to 0.01223.
• Price consolidated above key moving averages, with RSI showing moderate momentum and no overbought condition.
• Bollinger Band expansion confirmed increased volatility, and volume surged during the breakout.
• A 61.8% Fibonacci retracement level at 0.01195 offers immediate support, with 0.01223 acting as resistance.

Zilliqa (ZILUSDT) opened at 0.01176 on 2025-08-24 at 12:00 ET and closed at 0.0116 at 12:00 ET on 2025-08-25. The 24-hour high was 0.01223, low was 0.01149, and total notional volume reached approximately $116.7M.

Structure & Formations

The price formed a bullish reversal pattern at 0.01170 on 19:45 ET-1, followed by a strong upward move to 0.01223 by 18:30 ET. This was confirmed by a large-volume bullish candle, suggesting a potential shift in sentiment. On the downside, a bearish engulfing pattern formed at 0.01208 on 23:45 ET-1, indicating cautious bearish pressure toward the end of the session.

Moving Averages

On the 15-minute chart, ZILUSDT closed above both the 20-period (0.01192) and 50-period (0.01185) moving averages, supporting a short-term bullish bias. The 50-period daily MA is at 0.01194, and the 200-period MA is at 0.01180. These suggest the price is within a medium-term consolidation phase.

MACD & RSI

MACD turned positive around 19:45 ET-1, aligning with the breakout. The histogram showed a peak at 0.01223, indicating strong bullish momentum. RSI reached a high of 57 and remains neutral, indicating no overbought condition. This suggests potential for further consolidation or a test of key resistance levels.

Bollinger Bands

Bollinger Bands expanded during the rally to 0.01223, indicating increased volatility. Price spent much of the session in the upper half of the band, confirming strong bullish pressure. A contraction may be expected near 0.01195–0.01208 as the market consolidates.

Volume & Turnover

Volume spiked during the 19:45–19:30 ET-1 period (0.01235 to 0.01208), with a total of 23M ZIL traded at peak. This was the largest 15-minute volume spike of the day and coincided with a reversal to the downside. Turnover confirmed the strength of the move, showing a 30% increase from earlier in the session.

Fibonacci Retracements

A key 61.8% retracement level is at 0.01195, where the price found support in the final 15-minute candles. The 38.2% retracement is at 0.01181, which could act as a secondary support. On the upside, the 61.8% level of the earlier rally sits at 0.01223, which may need to be retested.

Zilliqa appears to be consolidating after a sharp upward move, with strong support at key Fibonacci levels and resistance at 0.01223. However, bearish pressure could emerge if volume fails to confirm further advances. Investors should watch the 0.01208–0.01210 range closely for signs of a potential reversal.