Is #NIL worth the risk ? ⚖️
As of March 30, 2025, Nillion (NIL) is trading at approximately $0.5371 USD.
Recent technical analyses provide insights into NIL's potential price movements:
Moving Averages (MA): The 7-day MA is at $0.740, and the 25-day MA is at $0.825. The shorter MA being below the longer MA suggests a possible bearish trend.
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Bollinger Bands: The price is approaching the lower Bollinger Band, indicating potential volatility and a possible price rebound.
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Additionally, the Relative Strength Index (RSI) is at 48, placing NIL in neutral territory—neither overbought nor oversold.
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Given these indicators, NIL's price may experience short-term volatility. A sustained move above the immediate resistance at $0.650 could signal a bullish breakout, while a drop below the support level at $0.620 might indicate further downside.
