Market Overview: Celestia/Rupiah Shows Strong 24-Hour Rally on Holiday

Summary
• Price surged from 7351 to 7712 on high-volume bullish reversal.
• Momentum accelerated mid-day before consolidation above key support.
• Bollinger Band expansion suggests rising volatility and potential breakouts.
• Volume spiked during the 08:15–10:00 ET rally, confirming strength.
• 61.8% Fibonacci level at ~7630 may act as a short-term magnet.

Celestia/Rupiah (TIAIDR) opened at 7351 and surged to a high of 7712 before closing at 7678 at 12:00 ET. The 24-hour volume reached 19,442.38, with a turnover of ~144,933,600 Rupiah.

Structure & Momentum

A sharp bullish reversal began around 08:15 ET, pushing price past 7503 and breaking into a new intraday high by 10:15 ET. A large bullish candle formed at 7712, followed by a bearish correction that stalled at 7605. This suggests strong buying interest above 7500 but caution as resistance near 7750 looms. The RSI crossed into overbought territory, hinting at potential profit-taking ahead.

Volatility and Bands

Bollinger Bands widened significantly as the price moved from 7351 to 7712, signaling a surge in volatility. The current price of 7678 sits just below the upper band, indicating strong momentum. A sustained move above 7730 could trigger a new wave of buying interest.

Volume and Turnover Dynamics

Volume spiked during the 08:15–10:00 ET rally, with a massive 10,259.09 volume at 10:15 ET, confirming the strength of the bullish move. Turnover also surged during the same window, aligning with price action and reinforcing the legitimacy of the rally. However, a divergence in volume during the post-10:00 consolidation suggests caution in holding longs at current levels.

The 61.8% Fibonacci retracement level at ~7630 appears to be consolidating buying pressure. A break above 7730 could extend the rally toward 7800, but near-term profit-taking or a pullback into 7605 may also occur. Investors should remain cautious as the next 24 hours could see either continuation or a reversal depending on macro sentiment and volume behavior.