Market Overview: Tether/Rupiah (USDTIDR) on 2025-12-26

Summary
• Price found key resistance near 16812, failing to break above.
• Volatility surged in late hours, with volume spiking over 82,000.
• Momentum shows mixed signals with RSI near neutral but MACD bullish.
• Bollinger Bands widened, indicating a potential shift in trend direction.
• Fibonacci levels suggest possible pullback to 16802–16804 if bearish.

At 12:00 ET–1, USDTIDR opened at 16801 and traded between 16800 and 16812, closing at 16812 by 12:00 ET. Total volume reached 827,734.48 with turnover of approximately 13,890,669,591. The session saw a sharp late surge as prices tested a 24-hour high of 16812.

Structure & Formations

Price approached the 16812 level as a key resistance, failing to break through and forming a tall bullish candle with a long lower shadow. Earlier, a doji at 16801 suggested indecision, and a bullish engulfing pattern emerged at 16803–16804, signaling potential continuation of buying pressure.

Moving Averages and Momentum

The 5-minute 20-period MA trended upwards, aligning with the bullish bias, while the 50-period MA remained slightly below price. RSI hovered near 50, indicating neutral momentum, though MACD remained positive with a rising histogram, suggesting sustained buying pressure.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the final hours, reflecting heightened volatility. Price closed near the upper band, hinting at a possible retracement toward the mid-band (around 16808).

Volume and Turnover

Volume surged in the final 5-minute interval, with the 12:00 ET candle showing 82,773.48 volume, the highest of the day. This aligns with the price reaching a 24-hour high, suggesting confirmation of strength at 16812.

Fibonacci Retracements

A key 5-minute swing from 16800 to 16812 aligns with Fibonacci levels, placing 16807 as a potential 38.2% retracement and 16804 as a critical 61.8% retracement. A break below 16802 could trigger a deeper pullback.

Over the next 24 hours, prices may test the 16812 resistance again or consolidate toward the 16804–16807 range. Investors should watch for a reversal candle at 16812 or confirmation of a bullish breakout to sustain upward momentum.