Market Overview for FIO Protocol/Tether

Summary
• Price action showed bearish pressure after breaking below 0.0115, with key support near 0.01129.
• Volume increased during the downward move, confirming bearish momentum.
• RSI and MACD indicated overbought conditions earlier, followed by bearish divergence.
• Bollinger Bands narrowed during consolidation, followed by a sharp price drop.
• Fibonacci levels highlighted potential resistance near 0.01153 and support near 0.01134.

24-Hour Price and Volume Summary

At 12:00 ET–1, FIO Protocol/Tether (FIOUSDT) opened at 0.01177, peaked at 0.01177, and fell to a 24-hour low of 0.01123 before closing at 0.01143. Total volume reached 16.22 million FIO, with notional turnover of approximately $1,943,364.

Structure and Key Levels

The 24-hour price action showed a bearish breakdown below 0.0115, with key support now near 0.01129. A 5-minute bearish engulfing pattern formed near 0.01155, signaling potential further downside. On the daily chart, the 50-period MA crossed below the 200-period MA, indicating bearish alignment.

Momentum and Volatility

RSI dropped from overbought territory to neutral levels, and MACD crossed below the signal line, confirming bearish momentum. Bollinger Bands tightened before the sharp drop, followed by a volatility spike as price moved near the lower band.

Volume and Turnover Analysis

Volume surged during the downward move, especially around 0.0113 and 0.01126, while turnover mirrored the price drop. Divergence between price and turnover was not observed, suggesting strong alignment in bearish conviction.

Fibonacci Retracements

Key Fibonacci levels from the 0.01177 high to the 0.01123 low show 38.2% at 0.01153 and 61.8% at 0.01139. Price appears to have stalled near 0.01143, slightly above the 61.8% level.

FIOUSDT appears to be consolidating near 0.01143–0.01145, with potential for a short-term bounce or further correction. Investors should monitor volume spikes and the 0.01139 level for possible reversal signals. A bearish continuation is likely in the next 24 hours if support at 0.01129 is tested.