$NIL is currently demonstrating that even the most promising Layer 1/Layer 2 rallies eventually have to face a technical wall when the initial buying pressure begins to fade.
$NIL is showing a significant short setup as it hits a wall of heavy resistance. After a steady climb of **+7.67%** reaching a price of **0.03606**, the chart reveals that the momentum is stalling right near the **0.03650** 24h high. The sharp rejection wicks on the 15m chart indicate that bulls are struggling to maintain their footing at these elevated levels. It will likely go down if the selling volume accelerates and breaks the **0.03550** support, potentially triggering a slide back toward the **0.03333** 24h low as indicated by the downward pressure arrow, but it could go up if it manages to find a solid floor here and gathers enough strength for a clean breakout above **0.03660**.
target 1 is **0.03550**
target 2 is **0.03480**
target 3 is **0.03400**