Market Overview for Usual/Tether (USUALUSDT): 24-Hour Analysis

Summary
• Price tested key support at 0.0243–0.0245 before rebounding into consolidation.
• Volume surged in final 5 hours, suggesting short-term accumulation or profit-taking.
• RSI and MACD hint at wakening momentum despite late bullish push.
• Bollinger Bands expanded, reflecting increased volatility and potential range retesting.
• Fibonacci levels near 0.0244–0.0250 likely to dictate near-term direction.

At 12:00 ET–1, Usual/Tether (USUALUSDT) opened at 0.0249, reached a high of 0.0257, and a low of 0.0243, closing at 0.0253 by 12:00 ET. The pair posted a 24-hour volume of 49.1 million and a turnover of approximately 1,283,000 USDT.

Structure & Formations

The price formed a bullish rebound off the 0.0243–0.0245 support zone, followed by a consolidation phase into the 0.0250–0.0254 range.

A small bullish engulfing pattern appeared near 0.0247–0.0249 in the late evening hours, suggesting short-term buyers entered.

Moving Averages and Fibonacci Levels

The 5-minute chart saw the price cross above the 20-period SMA, with the 50-period lagging behind. Fibonacci retracement levels at 0.0244 (61.8%) and 0.0250 (38.2%) became key for direction. Daily moving averages show a more neutral stance, with no strong divergence.

MACD and RSI

MACD showed a bearish crossover in the early part of the session but converged with price action near the close. RSI peaked near 50, indicating neither overbought nor oversold conditions, though it flattened toward the end, hinting at momentum loss.

Bollinger Bands and Volatility

Bollinger Bands widened in the last 5 hours, with price touching the upper band at 0.0257. This expansion suggests increased volatility and potential for a pullback into the middle band or a test of the lower end at 0.0244.

Volume and Turnover

Volume spiked notably in the early morning and late evening hours, with turnover aligning with price moves. A divergence appeared between a strong close and moderate volume, indicating the move could lack conviction.

The market appears to be consolidating after a late push above 0.0253, with key levels at 0.0250 and 0.0244 to watch. A break above 0.0255 could attract more buyers, but risks of a pullback into 0.0243–0.0245 remain high. Investors should watch for volume confirmation on the next directional move.