Nillion/Tether USDt Market Overview for 2025-09-10

• Price surged 4.9% in 24 hours on strong volume and bullish momentum.
• RSI and MACD indicate rising bullish energy, with no clear overbought condition yet.
• Bollinger Bands show moderate volatility expansion, with price near the upper band.
• Volume remains consistent with price action, showing no divergence.

The Nillion/Tether USDt (NILUSDT) pair opened at $0.3083 on 2025-09-09 12:00 ET and reached a high of $0.3185 before closing at $0.3154 on 2025-09-10 12:00 ET. The 24-hour volume totaled 10,695,148.8 units, with a notional turnover of $3,386,663.75.

Structure & Formations

Price action revealed a bullish reversal pattern from mid-September 09, with a strong engulfing candle at 18:15 ET and a later morning star formation around 02:15 ET. Support levels are forming at $0.3112 and $0.3098, while resistance appears near $0.3185 and $0.3194.

Moving Averages

On the 15-minute chart, the 20-period moving average rose from $0.3106 to $0.3147, while the 50-period line rose from $0.3118 to $0.3149. Price remains above both, suggesting a short-term bullish trend. On the daily chart, the 50-period average is at $0.3125 and the 200-period at $0.3099, with price well above both, indicating a stronger medium-term bullish setup.

MACD & RSI

MACD lines have turned positive and are rising, with a bearish crossover still unconfirmed. The RSI crossed the 50 threshold early in the session, peaked near 58, and has stabilized at around 56. This suggests growing bullish momentum without entering overbought territory.

Bollinger Bands

The Bollinger Bands expanded during the early morning hours, and price has been trading near the upper band throughout the session, indicating increased volatility and a strong upward push. No major contraction or reversal from the bands has been observed.

Volume & Turnover

Volume spiked in the early hours of 09-10, especially during the 02:15–03:00 ET period, which coincided with a sharp rally. Turnover aligned with volume, showing no divergence and reinforcing the strength of the price action.

Fibonacci Retracements

Recent 15-minute swings show price retracing between 38.2% and 50% of the prior decline. On the daily chart, the 61.8% level at $0.3144 has served as a key resistance-turned-support area, currently acting as a dynamic pivot.

Backtest Hypothesis

The proposed strategy involves entering long positions when price closes above the 20-period EMA with a bullish MACD crossover and RSI above 50, while exiting upon a retest of the 50-period EMA or a bearish MACD divergence. Given today’s price behavior, this strategy would have triggered a long entry early on 09-10 and held through a strong portion of the bullish trend, potentially capturing a 3–4% move before a consolidation phase.

The next 24 hours could see further bullish follow-through if the $0.3185–$0.3194 resistance level is cleared, with a target of $0.3210–$0.3230. However, increased volatility or a breakout failure could trigger a consolidation or short-term pullback. Investors should monitor volume and divergence in the RSI/RSI to avoid false breakouts.