Market Overview for USDC/Rupiah on 2025-12-25

Summary
• Price declined from 16830.0 to 16811.0 amid bearish reversal patterns.
• RSI and MACD showed bearish momentum with RSI in oversold territory.
• Bollinger Bands indicated moderate volatility, with price near the lower band.
• Volume spiked during the late ET session, confirming downward pressure.

Price Action and Volume

The USDC/Rupiah (USDCIDR) pair opened at 16824.0 on 2025-12-24 at 12:00 ET, reached a high of 16839.0, and closed at 16811.0 by 12:00 ET on 2025-12-25. Total 24-hour volume amounted to 64,702.05, with turnover estimated at 1,091,650,686.96 Rupiah.

Key Technical Developments

Price action showed a bearish bias after a strong bullish thrust in the early ET hours, followed by a breakdown below key support levels. A bearish engulfing pattern and a long lower shadow in the final hours of the 24-hour period indicated distribution. RSI dipped below 30, signaling oversold conditions, while MACD maintained negative divergence.

Bollinger Bands reflected a moderate volatility environment with price trending near the lower band for much of the session. Volume surged during the late ET hours, particularly after 01:45 ET, suggesting conviction in the downward move.

Support and Resistance

Notable support was observed at 16811.0–16812.0, with prior resistance at 16827.0 and 16835.0. Fibonacci retracement levels from the key 5-minute swing (16816.0–16839.0) indicated potential support at 16827.6 (38.2%) and 16821.0 (61.8%).

Forward-Looking Observations

With price near immediate support and momentum showing signs of exhaustion, a short-term bounce could occur. However, a break below 16811.0 may trigger further downward pressure toward the 16800.0 level. Investors should monitor for confirmation of a reversal or a breakdown in the next 24 hours.