Zilliqa Market Overview (ZILUSDT) – 24-Hour Technical Report

Zilliqa (ZILUSDT) opened at $0.01187 on 2025-08-10 at 12:00 ET, and reached a high of $0.01216 before closing at $0.01149 on 2025-08-11 at 12:00 ET. The total 15-minute OHLCV data reflects a 24-hour volume of 102,437,110 ZIL and a notional turnover of $11,927,000 (assuming $0.01157 average closing price).

Summary

• ZILUSDT formed a bearish continuation pattern as price broke below key support near $0.01183.
• Momentum slowed in the final 6 hours, with RSI dipping into oversold territory.
• Volatility expanded dramatically in the 15-hour span between 03:00 and 18:00 ET, with a 9% range.
• Volume spiked during the breakdown below $0.01185, confirming bearish sentiment.
• Bollinger Bands showed price reversion to the mean in the final 4 hours of the period.

Structure & Formations

Price action on ZILUSDT displayed a distinct breakdown below the $0.01185 support level on August 11 at 10:45 ET, forming a bearish continuation pattern. A prior bullish engulfing pattern had emerged in the 03:00–03:15 ET window, but it failed to hold as the price reversed. A long lower shadow at 07:30 ET hinted at a temporary rejection of the $0.01198 level, but buyers failed to re-engage. The breakdown candle on 2025-0811 10:45 ET had a long upper wick, signaling rejection above $0.01188 and confirming bearish continuation.

Moving Averages

Short-term (15-minute) moving averages saw ZILUSDT close below both the 20- and 50-period lines by the end of the window, with the 20-period MA at $0.01167 and the 50-period MA at $0.01175. Longer-term averages (daily chart) indicate the price is trading below the 50-, 100-, and 200-day moving averages, suggesting further bearish bias. The 15-minute chart may begin to consolidate around the 20-period MA as the price approaches $0.01167.

MACD & RSI

The 15-minute MACD showed bearish divergence in the final 6 hours, with the MACD line crossing below the signal line. The histogram contracted after 08:00 ET, suggesting weakening bearish momentum. RSI reached oversold territory (below 30) around 12:00 ET, but this does not guarantee a bounce without a clear reversal pattern. The MACD histogram could expand again if a new bearish move emerges.

Bollinger Bands

Volatility spiked between 03:00 and 18:00 ET, with Bollinger Bands widening significantly. During this time, the price touched the upper band at $0.01216 (03:30 ET) and the lower band at $0.01149 (12:00 ET), indicating price reversion. In the final 4 hours, the price retested the lower band, indicating possible exhaustion of the bearish move. A retest of the upper band at $0.01167 may confirm a bounce in the near term.

Volume & Turnover

Volume surged during the breakdown below $0.01185, with a 15-minute candle on 2025-0811 10:45 ET posting 1.9 million ZIL traded. This confirmed bearish conviction and supported the breakdown. However, in the last 4 hours, volume has declined despite a lower price, suggesting waning bearish momentum. Turnover also declined as the price dipped below $0.0116, indicating a potential divergence that may signal a short-term rebound.

Fibonacci Retracements

The recent swing from $0.01185 (2025-0810 21:15) to $0.01216 (2025-0811 03:30) shows ZILUSDT correcting back toward the 38.2% retracement level at $0.01185. On the daily chart, the price is currently near the 61.8% retracement level of the larger bearish wave from $0.01231 (2025-0811 03:00) to $0.01149 (2025-0811 12:00). A breakdown below $0.01142 could target the 78.6% level at $0.01125.

Zilliqa appears to have confirmed a short-term bearish trend, with the breakdown candle and volume confirming the move. While RSI suggests oversold conditions, a meaningful reversal would require a bullish candle with strong volume. Investors should remain cautious as volatility may persist and test new support levels.

Traders should watch for a potential bounce off the $0.01149 level, but bearish sentiment remains intact. A breakdown below $0.01142 could accelerate the trend lower, though a rejection there may trigger a short-term rebound.