Market Overview for Algorand/Tether (ALGOUSDT)

Summary
• Price tested key resistance near 0.1170–0.1180 before consolidating.
• Bullish momentum emerged post-breakout of 0.1169 support.
• Volume surged during the 0745–0830 ET rally, validating bullish bias.
• RSI suggests moderate overbought conditions near 75.
• 20-period EMA crossed above 50-period EMA early in the session, signaling bullish momentum.

At 12:00 ET–1 on December 24, 2025, Algorand/Tether (ALGOUSDT) opened at 0.1115, reached a high of 0.1185, touched a low of 0.1155, and closed at 0.1167 at 12:00 ET on December 25. Total volume for the 24-hour period was 8.02 million contracts, with a notional turnover of approximately $895,726.

Structure & Formations

Price carved a bullish breakout pattern from the 0.1169 support level during the 0745–0830 ET window, with a strong bullish engulfing pattern seen at 0815 ET. A bearish doji formed at 0915 ET, signaling potential near-term exhaustion. Key support is found at 0.1162, while resistance appears at 0.1178–0.1180.

Moving Averages

The 20-period EMA crossed above the 50-period EMA near 0700 ET, confirming a short-term bullish bias. The 50-period EMA remains above the 200-period EMA, suggesting a stronger intermediate-term uptrend.

MACD & RSI

MACD crossed into positive territory around 0715 ET, aligning with the bullish breakout. RSI reached 76 by 0830 ET, suggesting moderate overbought conditions. A pullback into the 63–68 RSI range could suggest healthy consolidation.

Bollinger Bands

Price moved out of a tightening Bollinger Band at 0730 ET, with volatility expanding as volume spiked. Price has since remained within the upper band, indicating bullish momentum has not yet exhausted.

Volume & Turnover

Volume surged during the 0745–0830 ET window, confirming the breakout. Notional turnover also rose sharply, aligning with price direction. However, volume has declined in the last four hours, signaling potential short-term topping behavior.

Fibonacci Retracements

On the 5-minute chart, the 0.1169–0.1185 swing has a 38.2% retracement at 0.1176 and a 61.8% retracement at 0.1170. A test of 0.1170 may trigger a pullback toward 0.1162 in the near term.

With ALGOUSDT consolidating near key resistance and volume showing signs of tapering, a pullback into the 0.1162–0.1168 range appears likely in the next 24 hours. Traders should remain cautious of overbought conditions and potential divergence in price and volume.