Zilliqa Market Overview: Mixed Momentum Amid Volatility

Zilliqa (ZILUSDT) opened at $0.01105 on 2025-08-04 at 16:00 ET, reached a high of $0.0113, a low of $0.01091, and closed at $0.011 at 12:00 ET on 2025-08-05. Total volume was ~11.9 million ZIL, and turnover amounted to ~$1.31 million over the 24-hour window.

Summary

• Price declined from a 24-hour high of $0.0113 to a low of $0.01091, with a bearish close near the session low.
• Key support at $0.01095 and resistance at $0.01125 appear to be active on the 15-minute chart.
• Volume spiked during the downward leg, confirming bearish momentum.
• RSI indicates oversold conditions near the $0.0109 level, suggesting potential for a short-term rebound.
• Bollinger Bands show moderate volatility with price trading near the lower band at the end of the period.

Structure & Formations

The ZILUSDT price action over the last 24 hours shows a bearish bias, marked by a key breakdown from the $0.01125 level to a low of $0.01091. The most notable candlestick pattern appears at the 07:45–08:00 ET timeframe, where a large bearish candle with a long lower wick suggests rejection at the $0.01094 level. This could signal a potential short-term support zone. A doji formed at 05:00 ET near $0.0111, indicating indecision before the downward move. Traders should watch for a potential bullish reversal if price retests $0.01095 with strong volume.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both sloping downward, with price closing below both, suggesting short-term bearish momentum. On the daily chart, the 50-period and 100-period moving averages are converging, indicating potential for a near-term trend shift if price holds above $0.01095. The 200-period MA remains a strong long-term support level near $0.0110, which could provide a floor for further declines.

MACD & RSI

The MACD indicator has turned bearish in the last 6 hours, with the line crossing below the signal line and negative histogram growth. This aligns with the bearish price action. RSI has dipped into oversold territory (below 30) near the $0.0109 level, suggesting a possible bounce in the near term. However, RSI has not shown a strong bullish divergence, so a rebound may be limited. Traders should watch for a RSI recovery above 40 as a potential signal for a short-term pullback.

Bollinger Bands

Volatility has expanded over the past 24 hours, with Bollinger Bands widening after a period of consolidation. Price has traded near the lower band for much of the session, especially during the late-night to early-morning hours in ET. This suggests bearish momentum, but the expansion of the bands also indicates increasing market participation. A move back toward the middle band could signal a return to equilibrium, but that would require a strong bullish catalyst.

Volume & Turnover

Volume spiked during the downward move, with the largest 15-minute volume spike occurring at 07:45–08:00 ET (1.15 million ZIL traded) during the breakdown to $0.01095. Turnover also increased significantly during this period, confirming the bearish move. There was a divergence in the final hour before the 12:00 ET close, where volume dropped despite a small price rebound. This could indicate a lack of conviction in the short-term recovery.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.0113 to $0.01091, the 38.2% level sits at $0.01109 and the 61.8% level at $0.01100. Price has found some support at the $0.0110 level, suggesting that this could be a key area to watch for a potential bounce. On the daily chart, the 61.8% retracement level from the recent high to the low is at $0.01103, aligning with the 15-minute support and reinforcing its significance.

Zilliqa may find near-term support at $0.01095 and resistance at $0.01125 in the next 24 hours. A break below $0.0109 could signal a deeper correction, while a sustained move above $0.01125 may indicate a short-term reversal. Investors should remain cautious and monitor volume and RSI for confirmation of any directional move.