$NIL Current Trend:The price of NIL/USDT is at $0.530, which is down 14.38% over the last 24 hours.The chart shows a strong initial pump to $0.977, followed by a steady decline.The lowest point in this timeframe was $0.400, and the price is now consolidating near

$0.530.Volume & Momentum:The huge green candle at the start indicates strong buying pressure at first.However, the declining volume suggests weakening momentum and a lack of buyers supporting the price at higher

levels.Support & Resistance Levels:Support: Around $0.400, where the price bounced previously.Resistance: Around $0.710, where a limit order is set (likely by a trader expecting a reversal).Moving Averages (MA):The MA(5) is at 5.6M, and the MA(10) is at 9.3M, indicating that short-term momentum is

slowingdown.Overall Outlook:This looks like apump-and-dump scenario—big hype initially, but then a steady decline.If the price stabilizes and volume picks up, we might see

arecoverytoward $0.625 - $0.710.However, if it breaks below $0.500, it could revisit $0.400 or even lower.If you’re holding, keep an eye on volume—without strong buying pressure, this could keep drifting down. If you’re looking to enter, waiting for a clear reversal signal (like a bullish engulfing candle with high volume) might be a safer bet.$NIL