Market Overview for Tether/Colombian Peso (USDTCOP)

Summary
• Price tested key resistance at 3843 COP multiple times, with a failed breakout and a pullback forming a bearish rejection pattern.
• Volume spiked during the early hours of the session, but price failed to confirm the strength, suggesting bearish exhaustion may be waning.
• RSI moved into overbought territory before the 24-hour close, signaling potential short-term profit-taking ahead of a potential pullback.
• Bollinger Bands expanded during a sharp move to 3845 COP, indicating heightened volatility and potential continuation or reversal risk.

24-Hour Summary

Tether/Colombian Peso (USDTCOP) opened at 3833 COP on 2025-12-21 at 12:00 ET, surged to a high of 3845 COP, and closed at 3830 COP by 12:00 ET on 2025-12-22. The total trading volume was approximately 239,859 units, with a notional turnover of around 917,706,550 COP over the 24-hour period.

Structure and Candlestick Formations

The 5-minute chart revealed a key bearish rejection at 3843 COP, where price bounced off three times in the early session. A large bearish engulfing pattern formed after a failed breakout, reinforcing potential near-term downward pressure. A doji at 3835 COP also signaled indecision among buyers, possibly ahead of a retest of support.

Support and Resistance Levels

The 24-hour chart indicated strong support at 3830–3835 COP and key resistance at 3842–3845 COP. A 61.8% Fibonacci retracement level of the earlier 3830–3845 swing sits near 3838 COP, which may act as a dynamic pivot for the next 24 hours.

Moving Averages and Momentum

On the 5-minute chart, the 20-period moving average crossed below the 50-period line, indicating short-term bearish momentum. The 50-period MA on the daily chart remained above the 200-period line, suggesting broader bullish bias for the underlying trend.

RSI and MACD

Relative Strength Index (RSI) reached overbought levels near 70 before the 24-hour close, hinting at potential profit-taking. The MACD line crossed below the signal line in the final hours, reinforcing a potential short-term bearish bias.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the 3845 COP peak, signaling increased volatility. Price closed just below the lower band at 3830 COP, indicating short-term bearish exhaustion and potential for a bounce.

Volume and Turnover Analysis

Volume spiked sharply in the 20:00–22:00 ET window, but price failed to follow through, creating a divergence that suggests bearish momentum may be weakening. Turnover remained consistent during the decline, indicating ongoing participation from sellers.

Forward-Looking Outlook

USDTCOP may test the 3830 COP support level for consolidation before attempting a rebound toward the 3838 COP pivot. However, sustained trading below 3830 COP could open the door for further downside. Investors should remain cautious of potential volatility amid mixed momentum signals.