Market Overview for Bonfida/Tether (FIDAUSDT): 24-Hour Analysis

Summary
• FIDAUSDT tested key resistance at $0.0407, forming bullish and bearish engulfing patterns near 0.0405–0.0408.
• RSI surged into overbought territory, suggesting possible near-term consolidation or reversal.
• Volume spiked in the final hours of trading, particularly after 04:00 ET, confirming renewed bullish momentum.
• Bollinger Bands expanded during the late-night rally, indicating rising volatility and trend strength.

Bonfida/Tether (FIDAUSDT) opened at $0.0401 on 2025-12-24 12:00 ET and closed at $0.0414 on 2025-12-25 12:00 ET, reaching a high of $0.0421 and a low of $0.0398. Total volume for the 24-hour period was 6,672,172.7, with a notional turnover of $266,023.2.

Structure & Formations

Price action revealed a strong bullish bias in the latter half of the 24-hour window, particularly after 04:00 ET, where a sequence of bullish engulfing patterns emerged above $0.0413. A bearish engulfing pattern formed around $0.0405, followed by a consolidation phase, suggesting a potential shift in control. A key resistance level appears to be forming at $0.0418, with support seen near $0.0412–0.0413.

MACD and RSI

The MACD line turned positive during the early morning hours and remained above the signal line, indicating bullish momentum. RSI surged into overbought territory above 70, suggesting short-term resistance and a potential pullback, though the overall bullish bias remains intact.

Bollinger Bands

Bollinger Bands expanded significantly as price moved above $0.0415, showing rising volatility and trend strength. Price has remained in the upper half of the bands for much of the 24-hour period, suggesting a continuation of the bullish trend may be likely.

Volume and Turnover

Trading volume spiked during the late-night and early morning hours, especially between 06:00 and 08:00 ET, aligning with the price breakout above $0.0415. Notional turnover also increased during this period, confirming the bullish breakout rather than a false signal.

Fibonacci Retracements

Key Fibonacci retracement levels from the recent low at $0.0398 and high at $0.0421 suggest 38.2% at $0.0409 and 61.8% at $0.0415 as potential pivot points. Price appears to be forming a base near the 61.8% level, which could act as a short-term support/resistance.

Looking ahead, FIDAUSDT may consolidate near $0.0414–0.0415 before either testing the $0.0418 resistance or pulling back toward $0.0412–0.0413. Investors should remain cautious of potential overbought conditions and keep an eye on the 20-period moving average for signs of divergence.