As of April 20, 2025, Nillion ($NIL ) is trading at approximately $0.3702, having experienced a 3.89% increase in the last 24 hours. The intraday high and low stand at $0.3848 and $0.3517, respectively.

On the 4-hour chart, $NIL has recently faced resistance at the 50-period Exponential Moving Average (EMA), indicating a potential bearish sentiment in the short term. This rejection suggests that sellers are currently dominating, and the price may continue to face downward pressure unless it breaks above this EMA level.

Key Levels to Watch:

• Resistance: $0.3848 (recent high)

• Support: $0.3517 (recent low)

Technical Indicators:

• 50 EMA (4H): Acting as dynamic resistance

• RSI (14): Approaching neutral territory; monitor for overbought or oversold conditions

Trading Strategy:

• Bullish Scenario: A decisive close above the 50 EMA could signal a potential uptrend, with targets near the recent high of $0.3848.

• Bearish Scenario: Failure to break above the 50 EMA may lead to a retest of the support at $0.3517.

Traders should exercise caution and consider waiting for a confirmed breakout or breakdown before entering positions. Utilizing stop-loss orders and monitoring volume can also help manage risk effectively.

Note: Always conduct your own research and consider your risk tolerance before making trading decisions.