🔍 NIL Analysis – Bearish Breakdown With Weak Momentum 🔍
🧬 Nillion (NIL) is a decentralized computation network focused on privacy-preserving data processing. Price action confirms a bearish breakdown below key support, with fading momentum.
📈 Technical Analysis
- Trend: Bearish short-term
- Support: $0.2850
- Resistance: $0.3150
- Signal: RSI near 32; breakdown from horizontal range
- Volume: $55,898 – moderate but declining
- Outlook: Bearish unless $0.3150 is reclaimed
📰 Market Data & News
- Price: $0.3009
- 24h Change: -2.6%
- No major headlines; protocol remains active in zero-knowledge computation
🔄 Scenario Breakdown
- Bullish Case: Reclaiming $0.3150 with volume could target $0.3400
- Bearish Case: Drop below $0.2850 may lead to $0.2600
- TP/SL Logic: TP at $0.3400 / SL at $0.2830
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak momentum
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
NIL #PrivacyCompute