Market Overview: DIA/Tether (DIAUSDT) 24-Hour Technical Summary

Summary
• Price dropped from $0.2809 to $0.266 during 24 hours, breaking key support levels.
• RSI near oversold territory, suggesting potential short-term bounce.
• Volatility surged, with large 5-minute swings and high turnover.
• Bollinger Bands show price near lower band, signaling bearish momentum.
• Volume increased in the second half of the 24-hour window, supporting lower close.

Market Overview

DIA/Tether (DIAUSDT) opened at $0.2808 on 2025-12-28 at 12:00 ET, reached a high of $0.2819, and closed at $0.266 by 12:00 ET on 2025-12-29. The total volume traded was 1,198,961.5 units, with a notional turnover of $332,146.56.

Structure & Formations

Price action over the 24-hour period showed a significant breakdown below $0.2778, a previous support level that had been tested multiple times. A large bearish engulfing pattern formed at $0.2787 on the 5-minute chart around 18:30 ET, followed by a confirmed breakdown below the 0.276 psychological level. The price closed near the session low, with a long lower wick in the final 5-minute candle indicating some short-covering attempts.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart both crossed bearishly in the early part of the session, signaling a downward trend. On the daily chart, price remains below the 50, 100, and 200-period moving averages, reinforcing bearish bias.

MACD & RSI

The MACD turned negative and diverged from price action in the second half of the session, signaling weakening momentum. The RSI approached oversold territory (near 29), suggesting a potential short-term reversal could be in play, though this may only be a bounce within a larger downtrend.

Bollinger Bands

Volatility expanded throughout the session, with Bollinger Bands widening significantly after the 5:00 PM ET (ET) breakdown. Price spent much of the latter half of the session near or below the lower band, which is typically a sign of bearish pressure.

Volume & Turnover

Volume picked up sharply after 5:00 PM ET as price broke below key support levels, with the largest single 5-minute volume spike reaching 139,918.5 units. Notional turnover also increased in line with the falling price, indicating strong distribution pressure.

Fibonacci Retracements

Fibonacci levels from the previous higher low at $0.2745 showed price finding resistance at 61.8% ($0.2737) and later breaking below 50% at $0.276. A key Fibonacci level at $0.2696 (38.2% retracement from the high of the session) appears to be the next potential support target.

Looking ahead, DIAUSDT may find near-term support around $0.2696 and $0.2663, with a potential bounce expected if the RSI remains near oversold levels. However, a retest of the $0.265 level could bring more selling pressure if bears maintain control. Investors should be cautious of the wider bearish trend and avoid overextending long positions in the near term.