$NIL is doing what’s called blind computing. In simple terms, it allows data to be processed while it remains encrypted, so the entire process never exposes plaintext. It’s applicable to scenarios like AI training, medical records, and financial data. What it solves is the conflict between privacy and computation. The team is quite notable: the CEO is a former Goldman Sachs banker, the CSO is a co-founder from Hedera, and total funding has exceeded $50 million. The total token supply is 1 billion; currently, about a little over 200 million is in circulation. It will be used for staking, payment network fees, and governance.
On the daily chart, the base around 0.036 has been grinding for quite a while, then it broke out on rising volume and pushed up, with the high reaching about 0.15. Now it’s retracing to around 0.14; the volume hasn’t shown any obvious decline. Support at 0.12 is the near-term floor. Below that, 0.09 is the neckline from this move’s breakout. As long as that structure isn’t broken, nothing is really damaged. Resistance at 0.15 is the historical high and also a psychological level. If price breaks above it, the area above becomes a “vacuum zone,” because there are no prior trapped holders from history.
There’s a detail in the order book worth noting. A few days ago, when the price was dumped by nearly 20%, the spot buy orders were actually several times higher than the sell orders. Retail traders wouldn’t do that—this suggests large capital is propping it up. On-chain, whale positions are also tilted to the long side.
Go long directly around 0.14, place the stop-loss below 0.11. First target: 0.20. If it can stand above with volume, watch for 0.28.
On the daily chart, the base around 0.036 has been grinding for quite a while, then it broke out on rising volume and pushed up, with the high reaching about 0.15. Now it’s retracing to around 0.14; the volume hasn’t shown any obvious decline. Support at 0.12 is the near-term floor. Below that, 0.09 is the neckline from this move’s breakout. As long as that structure isn’t broken, nothing is really damaged. Resistance at 0.15 is the historical high and also a psychological level. If price breaks above it, the area above becomes a “vacuum zone,” because there are no prior trapped holders from history.
There’s a detail in the order book worth noting. A few days ago, when the price was dumped by nearly 20%, the spot buy orders were actually several times higher than the sell orders. Retail traders wouldn’t do that—this suggests large capital is propping it up. On-chain, whale positions are also tilted to the long side.
Go long directly around 0.14, place the stop-loss below 0.11. First target: 0.20. If it can stand above with volume, watch for 0.28.
