Zilliqa/Tether (ZILUSDT) Market Overview: 24-Hour Price Breakout and Momentum Build-Up

• ZIL/USDT broke above 0.01100 after consolidating near 0.01080–0.01090, with volume increasing in the final 4 hours.
• RSI reached 52 by 16:00 ET, indicating potential momentum shift, but remains below overbought levels.
• Bollinger Bands widened after 18:00 ET as volatility increased, with price closing near the upper band at 0.01103.
• Volume surged 2.5x in the final 2 hours of data, coinciding with a breakout to a 24-hour high of 0.01121.

ZILUSDT 24-Hour Performance

At 12:00 ET on 2025-10-05, Zilliqa/Tether (ZILUSDT) opened at 0.01097, reaching a high of 0.01121 and a low of 0.01083 over the following 24 hours. The price closed at 0.01118 at 12:00 ET on 2025-10-06, marking a 1.93% gain. The total 15-minute OHLCV data reveals a total trading volume of approximately 47.6 million ZIL and turnover of $5.3 million, indicating rising interest and volatility.

Structure and Formations

Price action suggests a breakout from a 3-hour consolidation phase between 18:00–21:00 ET, with support at 0.01083 and resistance at 0.01096. A bullish engulfing pattern formed at 09:00–09:15 ET, followed by a rising wedge breakout at 15:30 ET. Key levels for immediate support include 0.01100 and 0.01095, with resistance at 0.01120.

Moving Averages and Momentum

The 15-minute chart shows the 20-period and 50-period SMAs converging between 0.01090–0.01095, with price rising above both since 14:00 ET. RSI reached 52 at 16:00 ET and climbed to 58 by the end of the period, indicating strengthening momentum. MACD turned positive after 15:00 ET, with a bullish crossover forming just before the breakout.

Volatility and Fibonacci Levels

Bollinger Bands expanded after 18:00 ET, with price staying near the upper band in the final 4 hours, signaling a period of high volatility. A Fibonacci retracement from the 0.01083–0.01121 swing highlights a 61.8% level at 0.01107, which price reached by 14:45 ET before continuing higher.

Backtest Hypothesis

A potential backtesting strategy for ZILUSDT could involve entering long positions upon a bullish engulfing pattern forming above the 20-period SMA and a RSI above 50. Exit triggers could include a MACD crossover to the negative zone or a drop below the 50-period SMA. Given ZILUSDT’s recent volatility and volume spikes, this strategy appears most effective when applied to a 15-minute chart with a 3–4 hour holding period.