Market Overview for Voxies/Tether (VOXELUSDT)

Summary
• Price formed a bullish engulfing pattern at 0.0202 after a sharp decline to 0.0195.
• Volatility expanded as price broke above a 5-minute Bollinger Band upper boundary.
• Volume spiked 11x at 10:00 ET as price surged to 0.0240, confirming a breakout attempt.
• RSI entered overbought territory at 75, suggesting a possible near-term pullback.
• 20-period 5-minute MA crossed above 50-period MA, signaling a short-term bullish shift.

Voxies/Tether (VOXELUSDT) opened at 0.0207 on 2025-12-10, hit a low of 0.0195, and closed at 0.0211 by 12:00 ET on 2025-12-11. Total 24-hour volume reached ~62.4 million, with turnover of ~1.38 million.

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Structure & Formations

A key support level emerged at 0.0201–0.0202, where price consolidated for over 30 minutes following a sharp selloff. A bullish engulfing pattern formed at 0.0202, indicating potential short-term buying interest. A large bullish candle at 10:00 ET broke above 0.0240, marking a 9.6% reversal from the 0.0220 pivot high.

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Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA, signaling a short-term bullish bias. On the daily chart, the 50-period MA sits at 0.0206, while the 200-period MA is at 0.0200, suggesting a potential range-bound pattern.

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Moving Averages

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Momentum & Indicators

The RSI surged to 75 in the last 5 minutes, indicating overbought conditions. MACD showed a positive crossover earlier in the session, supporting the bullish breakout at 10:00 ET.

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Volatility & Bollinger Bands

Volatility expanded sharply after the 10:00 ET candle, with price surging above the Bollinger Band upper boundary. This suggests a shift in risk bias toward the upside.

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Volume & Turnover

A 11x volume spike occurred at 10:00 ET as price moved from 0.0212 to 0.0240, confirming the breakout. Turnover surged to ~1.32 million during the same candle, aligning with the price movement.

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Fibonacci Retracements

Key Fibonacci levels from the 0.0202–0.0195 swing include 0.0205 (38.2%) and 0.0208 (61.8%). The 0.0213 level represents a 78.6% retracement and could act as a near-term resistance.

Price appears to be testing the 0.0215–0.0220 range ahead. A break above 0.0220 could target 0.0225, while a retest of 0.0205–0.0208 is likely in the next 24 hours. Investors should monitor volume divergence for any signs of waning momentum.