$NIL is staging a powerful recovery, surging over 19% to trade near $0.0562 after bottoming out at its multi-year low of $0.0377.

This relief rally is supported by exploding volume and anticipation for the Ethereum bridge launch scheduled for this month.

While short-term momentum is bullish, traders are watching resistance near $0.0668 ahead of an upcoming token unlock on February 24.

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