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The Nillion price has plummeted 15% in the last 24 hours to trade at $0.7988 as of 3:30 a.m. EST on a 4,593% pump in trading volume to $614 million.
This plunge in the NIL price comes despite Nillion’s successful mainnet launch and the introduction of its privacy-focused technology. While the project has showcased significant advancements in secure data computation across sectors like AI, healthcare, and finance, the market reaction suggests broader challenges.
Project Moonsheet : Nillion ( $NIL )
🔹 Overview: Decentralized public network based on a new cryptographic primitive called Nil Message Compute.
🔹 Launch: Binance launchpad.
🔹 The Nillion native token, $NIL will play a central role in the network’s security, governance and… pic.twitter.com/AwqIZ0Yflo
— CryptoDaku (@CryptoDaku_) March 24, 2025
Factors such as investor uncertainty or profit-taking may have contributed to the decline. Additionally, despite the NIL token’s debut on major exchanges like Binance, it appears investors remain cautious, possibly awaiting further adoption and ecosystem growth.
Nillion Price Forms Strong Support Zone After Sharp Sell-Off
NIL’s price has shown resilience, climbing to $0.825 despite recent volatility following its highly anticipated mainnet launch. After an initial surge to $0.829 on the back of excitement surrounding Nillion’s privacy-focused technology, the token faced a sharp sell-off, dropping significantly before finding support.
The market then entered a consolidation phase, with prices ranging between $0.70 and $0.72, establishing a strong support zone. This period of sideways movement indicated accumulation as traders awaited a decisive move.
NILUSDT Analysis Source: Tradingview
The altcoin’s chart shows an order block near $0.73, which acted as a key catalyst for the recent breakout. Combined with a confirmed market structure shift (MSS) and forming a Fair Value Gap (FVG), these factors signaled renewed bullish momentum.
Additionally, the price action targeted buy side liquidity above previous resistance levels, further validating the uptrend. This technical setup has reignited investor confidence, pushing NIL’s price higher.
NIL Bulls Target $0.72 Support For Validation Of Bullish Outlook
However, bullish traders should take caution as the Relative Strength Index (RSI) currently stands at 70.72, approaching overbought territory. The RSI previously spiked to 83.97, reflecting strong buying pressure, before cooling off.
While the market’s upward momentum remains intact, elevated RSI levels suggest the possibility of a short-term pullback or consolidation before further gains.
Traders are targeting key resistance levels, with the next major target at $0.90. A successful breach could signal further upside, while $0.85 is considered a critical interim target.
On the downside, traders are monitoring the $0.72 order block as a vital support level, with any sustained move below it potentially invalidating the bullish outlook.
Final Call To Buy Meme Index As Presale Crashes Past $4.2M – Only 6 Days Left
As traders capitalize on profits from Nillion’s price movements, the Meme Index (MEMEX) presale is introducing a fresh approach for investors navigating the high-risk, high-reward meme coin market.
Having already garnered significant attention, MEMEX has surpassed $4.2 million in its presale fundraising. Unlike conventional meme coin investments that depend on the success of a single token, MEMEX offers a diversified, portfolio-based strategy through its native token.
If only there was a utility that would diversify your investment in these bearish times and keep YOU in profit.
Oh, Wait! $MEMEX 🔥https://t.co/7P9aYCaBEn pic.twitter.com/RXsKYXyupy
— Meme Index (@memecoin_index) March 11, 2025
The platform features four tailored investment baskets to accommodate varying risk appetites. The relatively safer option is the Meme Titan Index that includes established tokens like DOGE and PEPE, with market caps exceeding $1 billion.
For those seeking potential mid-term gains, the Moonshot Index focuses on tokens with market caps between $250 million and $1 billion.
Meanwhile, the Midcap Index targets meme coins valued between $50 million and $250 million. For investors with a higher risk tolerance, the Meme Frenzy Index provides exposure to emerging tokens with market caps under $50 million.
Meme Index’s approach helps investors handle the ups and downs of meme coins while investing in a mix of carefully chosen projects. The MEMEX token also gives access to these indexes and lets holders participate in decision-making.
Analyst and YouTuber Crypto Nautic, with over 102K subscribers, says MEMEX ”Is The One Coin To Rule Them All.”
Holders can vote on which meme coins are featured in each index, ensuring the platform evolves with community sentiment.
Early adopters also benefit from staking rewards, currently boasting a 547% annual return.
Investors can buy Meme Index tokens for $0.0166883 each using ETH, USDT, BNB, or a bank card. Secure your best deal now before the project lists in about 6 days.
Visit the official Meme Index website.
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