๐ $NIL Market Analysis (1H Timeframe)
๐น Pair: NILUSDT (Perpetual Futures)
๐ Timeframe: 1 Hour
๐ Current Price: $0.4811
๐ 24H Change: +19.14% ๐
๐ฐ 24H High / Low: $0.4936 / $0.4017
๐ Technical Overview
โ Trend: Bullish
Price has surged over 19% in the past 24 hours, confirming strong bullish momentum.
๐ Moving Averages (MA):
MA(7): $0.4808 (Short-term support)
MA(25): $0.4572 (Medium-term support)
MA(99): $0.4487 (Long-term support)
All key MAs are positioned below the current price, signaling strong upward momentum. A golden crossover (MA7 crossing above MA25) has confirmed the trend earlier in the session.
๐ Candlestick Pattern:
Strong consecutive green candles with higher highs and higher lows. The recent wick at $0.4936 shows slight resistance, possibly due to profit-taking.
๐ Momentum Indicators
๐ RSI (7): 66.28
Approaching the overbought zone (>70), indicating strong buying momentum but also suggesting a possible short-term cooldown or consolidation.
๐ Volume:
NIL Volume (24H): 147.84M
USDT Volume (24H): 68.75M
Volume is increasing alongside price action โ a bullish confirmation of current momentum.
$NIL is currently in a strong bullish trend, supported by solid volume and upward momentum. However, with RSI nearing overbought levels, short-term profit-taking or sideways movement is possible.