FDUSDUSDT Market Overview for 2025-11-12

Summary
• Price consolidates tightly between 0.9972 and 0.9979 with minimal directional bias.
• Volume remains elevated mid-cycle before tapering into the final hours.
• RSI and MACD show no extreme readings, suggesting limited short-term momentum.

First Digital USD/Tether (FDUSDUSDT) traded within a narrow range of 0.9972–0.9979 over the past 24 hours, opening at 0.9974 and closing near the same level at 12:00 ET. Total volume reached 266,349,640.0 with a notional turnover of approximately $265.2 million, reflecting steady but unremarkable interest.

Structure & Formations

The price action displayed a tight trading range with several 15-minute doji and indecisive candlesticks, especially in the late-night to early-morning hours. No clear support or resistance levels emerged due to the narrow consolidation. A bullish pinocchio pattern briefly appeared at 09:15 ET, followed by a bearish shadow at 16:45 ET, hinting at a tug-of-war between buyers and sellers without a decisive resolution.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs remained flat and closely aligned, confirming the lack of momentum. The 50-period SMA on the daily chart also sat within the same range, reinforcing the sideways bias. The absence of a clear moving average crossover suggests the market remains in a consolidation phase with no strong directional signal.

MACD & RSI

The MACD histogram and signal line hovered near zero, with no clear divergence or convergence, suggesting balanced buying and selling pressure. RSI remained in the mid-40s for much of the session, indicating a neutral stance. A brief RSI rise to 60 occurred at 10:15 ET, but it did not indicate overbought conditions.

Bollinger Bands

Bollinger Bands remained constricted for the majority of the session, particularly from 05:00 to 10:00 ET, with price activity clustering near the midline. A brief expansion occurred in the late afternoon hours, suggesting a potential shift in volatility. Price remained within the bands for the entire 24 hours, with no significant breakouts.

Volume & Turnover

Volume peaked in the early hours of the morning and during the late afternoon, aligning with key price swings. Notional turnover mirrored volume patterns but did not exceed $10 million in any single 15-minute interval. No significant divergence between price and volume was observed, indicating consistent participation from both buyers and sellers.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 0.9972 to 0.9979, the price spent considerable time near the 50% retracement at 0.99755. A minor pullback to the 38.2% level at 0.9974 occurred twice during the session but failed to hold. No clear 61.8% retracement level emerged due to the tight range.

Backtest Hypothesis

The data service could not locate price/indicator data for the symbol “HOLD.P,” which appears to be either invalid or unrecognized by the historical database. This is likely due to a mismatch in ticker format or a lack of data coverage for newly launched or thinly traded assets. To proceed with an automated Rising Three Methods backtest, a valid ticker is required. If unavailable, manual entry of trade dates or an alternative symbol must be provided. Once valid data is secured, the backtest can be run with a 5-day holding period, and an interactive performance report will be generated.