🎯 $NIL /USDT — Midterm Recovery or Just a Bounce?

Current Price: $0.3656

Change: −0.33%

Trend Context: Trying to snap out of a slow, grinding downtrend

🔍 Price Action Overview

After weeks of lower highs and fading volume, NIL just printed a sharp bullish engulfing candle, reclaiming both the MA7 and MA25 in one move.

But here’s the kicker:

Price rejected right at the 25 MA resistance on the candle close — classic market hesitation.

🧠 What the Chart Tells Us

MA7 ($0.3446) and MA25 ($0.3373) are now support — price needs to hold above these to confirm a trend shift

MA99 ($0.3941) is acting like the boss level — if bulls want higher, that’s the gatekeeper

Volume isn’t explosive yet — might be a test pump unless sustained

🎯 Targets (If Breakout Strengthens):

Target 1: $0.3880 → Local supply and EMA cluster

Target 2: $0.4180 → Last major breakdown zone

Target 3: $0.4600 → Pre-drop resistance

⚠️ Downside Risk:

If NIL loses the $0.3400 zone, especially with a daily close below, this could have been a liquidity grab instead of a reversal.

Support Zones: $0.3440 → $0.3220 → $0.2960

✍️ Final Thoughts

NIL is in recovery mode, but still below the 99MA and prior structure. It’s like trying to jog uphill with a backpack full of bad momentum. If bulls don’t push soon, it may just roll back down.

“Every bounce is a test of conviction — either it flips the script, or it just replays the last act.”

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!