Zilliqa/Tether Market Overview – 2025-09-20

• ZILUSDT surged 8.7% from $0.01188 to $0.01221 on increased volume and strong breakout momentum.
• Key resistance emerged at $0.01195, with a decisive break above it confirming upward bias.
• MACD and RSI showed strong bullish divergence, suggesting continuation potential.
• Volatility expanded as Bollinger Bands widened, with price testing the upper band.
• A 61.8% Fibonacci retracement level at $0.01206 may offer near-term support.

Zilliqa/Tether (ZILUSDT) opened at $0.01188 on 2025-09-19 at 12:00 ET and closed at $0.01221 on 2025-09-20 at the same time, reaching a high of $0.01221 and a low of $0.01178 over the 24-hour period. Total volume for ZILUSDT was 35,740,000 ZIL, while turnover (notional value) reached approximately $4,365,000.

Structure & Formations

Price action displayed a strong bullish bias during the 24-hour period, with a decisive break above key resistance at $0.01195 and a follow-through rally to $0.01221. A bullish engulfing pattern formed at the 15:00 ET mark on 2025-09-20, confirming a shift in sentiment. A doji near the low of $0.01178 suggests temporary indecision, but a strong follow-through rally invalidated bearish pressure. Key support levels were identified at $0.01188 and $0.01178, while resistance emerged at $0.01195, $0.01206, and $0.01213.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward, aligning with the bullish bias. The 50-period MA acted as a dynamic support level in the early hours, with price staying above it for much of the session. On the daily chart, the 50-period MA sits near $0.01191, while the 100-period MA is at $0.01189, suggesting short-term bullish momentum is intact.

MACD & RSI

The MACD line turned positive after the 18:00 ET mark and remained above the signal line, indicating growing bullish momentum. The histogram showed a strong divergence in the afternoon and evening, confirming the bullish breakout. The RSI reached overbought territory above 65 during the late afternoon and early evening, but this was consistent with a strong rally. The oscillator did not show signs of exhaustion, suggesting the rally may have room to run.

Bollinger Bands

Bollinger Bands widened as volatility increased during the afternoon and evening, with price reaching the upper band multiple times. This suggests high volatility and strong directional momentum. A contraction occurred before the breakout at $0.01195, indicating a period of consolidation followed by a breakout move.

Volume & Turnover

Volume spiked during the breakout phase, with a peak of 9,168,300 ZIL at $0.01214. Turnover followed the same pattern, confirming the strength of the move. A divergence between price and turnover was observed at $0.01181, where price fell sharply but turnover was muted, suggesting weak bearish conviction. The subsequent rally was confirmed by increasing turnover, indicating strong institutional buying.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level was identified at $0.01206, which served as a support level during the consolidation phase. Price held above this level before breaking out to the upside, validating its significance. The 38.2% retracement at $0.01195 was also tested and broken, confirming the bullish bias. On the daily chart, the 61.8% retracement from the recent swing low sits at $0.01217, a potential target for near-term buyers.

Backtest Hypothesis

A potential backtesting strategy for ZILUSDT could involve a breakout system that triggers a long position when price closes above the 61.8% Fibonacci retracement level of a recent consolidation pattern and remains above the 50-period MA for at least two consecutive bars. A stop-loss is placed just below the breakout level, with a take-profit target set at the next Fibonacci level. This strategy would align with the observed price action, where a strong breakout was confirmed by both volume and technical indicators. Initial testing would suggest this approach could capture directional momentum while managing risk through defined levels.