Market Overview for Four/USDC (FORMUSDC) on 2025-12-08

Summary
• Four/USDC traded in a 24-hour range of 0.3273 to 0.3500, forming key support and resistance clusters.
• A bullish engulfing pattern emerged in the early hours of 12/08, followed by a pullback.
• Volatility increased during the Asian session, with volume surging on sharp price moves.
• RSI entered overbought territory briefly, suggesting potential near-term exhaustion.
• Bollinger Bands widened as price swung between 0.3300 and 0.3450, signaling rising uncertainty.

Four/USDC (FORMUSDC) opened at 0.3329 on 2025-12-07 at 12:00 ET and closed at 0.3399 on 2025-12-08 at 12:00 ET, hitting a high of 0.3500 and a low of 0.3273 over the 24-hour period. The total volume was 86,666.6, and notional turnover reached 28,135.7.

Structure and Key Levels

Price action revealed a critical support zone forming around 0.3300–0.3320, with two significant bounces from this level on 12/08. Resistance emerged near 0.3450 and 0.3500, with the latter failing to hold during a late morning rally. A bullish engulfing pattern developed just after the 04:45 ET candle, signaling potential short-term strength.

Trend and Momentum

While 20- and 50-period moving averages on the 5-minute chart crossed above price, suggesting a near-term bullish bias, the daily 50/100/200 EMA alignment remained neutral. MACD showed a weak positive crossover in the early morning hours but failed to sustain above the signal line. RSI briefly entered overbought territory but failed to hold above 60, indicating potential for a pullback.

Volatility and Volume

Bollinger Bands widened significantly during the Asian session, with price testing the upper band on a sharp move to 0.3500. A large volume spike of 25,440.7 occurred during the 11:15 ET candle as price fell from 0.3474 to 0.3463—highlighting profit-taking. Turnover remained elevated in the 04:45–08:00 ET timeframe, confirming the early morning rally.

Fibonacci and Retracement Levels

On the 5-minute chart, a 0.3450–0.3300 retracement identified 61.8% at 0.3385 as a key level of interest. Price tested this level twice before moving higher, suggesting it may act as a dynamic support/resistance point. Daily Fibonacci levels showed 0.3350–0.3400 as a consolidation range, which was partially respected but ultimately broken on the morning rally.

Market conditions suggest that Four/USDC could test 0.3450–0.3500 in the near term, but traders should watch for a potential pullback to the 0.3300–0.3320 range if volume fails to confirm a breakout. Investors are advised to remain cautious given the recent volatility and divergence in momentum indicators.