$NIL /USDT is sitting at a fragile inflection point right now.
Price is trading near 0.0696 after a sharp intraday sell-off of over 12%, sweeping liquidity down to the 0.0692–0.0695 zone. That wick into 0.0695 looks deliberate, a quick flush that grabbed stops before price tried to stabilize.
On the 1-minute structure, NIL is stuck below key moving averages. MA7 and MA25 are flat around 0.0697, while MA99 near 0.0700 is acting as a clear overhead ceiling. Every bounce into that zone is getting sold, showing sellers are still in control for now.
Volume tells the real story. Selling pressure spiked during the drop, but follow-through volume is fading, suggesting panic has cooled and the market is waiting for direction.
Key levels to watch closely: Immediate support: 0.0692–0.0695
Breakdown risk below: 0.0688
Resistance: 0.0700, then 0.0708
As long as NIL holds above 0.0692, this can turn into a base for a relief bounce. A clean reclaim of 0.0700 with volume would flip momentum short term. Lose 0.0692, and another leg down opens fast.
This is a patience zone. The next few candles decide whether this was a trap or the start of continuation...
