Summary
• Price tested key resistance at 0.1232–0.1234, failing to break above.
• Volume spiked during early morning ET, confirming a bearish reversal.
• RSI showed overbought conditions mid-day, followed by a pullback.
• Bollinger Bands expanded after 0.1232 high, indicating increased volatility.
• A potential bullish rebound emerged near 0.1219 but stalled at 0.1225.
Algorand/Tether (ALGOUSDT) opened at 0.1219 on 2025-12-12 12:00 ET and closed at 0.1227 on 2025-12-13 12:00 ET, reaching a high of 0.1234 and a low of 0.1213. The 24-hour volume was 15,781,338.0, with a notional turnover of approximately $1,923,139 (based on traded volumes).
Structure & Formations
Price encountered resistance at 0.1232–0.1234 on several occasions but failed to maintain a breakout, forming a bearish continuation pattern. A doji appeared at 0.1234 around 21:45 ET, signaling indecision. The 0.1219 level acted as strong support during the early morning hours, with a bullish reversal candle confirming a short-term bounce.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed near 0.1224, indicating a neutral bias. The 50-period MA appeared to act as a temporary floor during the rebound from 0.1219 to 0.1227. On the daily chart, the price hovered near the 50- and 100-day MAs, suggesting a consolidation phase ahead.
MACD & RSI
The MACD crossed below the signal line after mid-day ET, signaling a bearish momentum shift. RSI peaked at overbought levels (60+) around 0.1234 and dropped to 45, confirming a pullback.
. A potential bullish crossover in RSI around 0.1225 suggested a short-term bottoming process, but the momentum remained weak.
Bollinger Bands
Volatility expanded significantly after the high at 0.1234, with the bands widening to 0.00065 range. Price spent much of the session near the lower band, indicating weak conviction. A retest of the upper band may be expected if buyers step in at 0.1227.
Volume & Turnover
Volume spiked near 18:45 ET with a large bullish candle to 0.1236, but turnover failed to confirm strong buying pressure. A significant volume peak of 721,030 at 00:00 ET marked a bearish reversal candle. Divergence between volume and price in the 0.1227–0.1229 range suggests fading interest in the rebound.
Fibonacci Retracements
Key Fibonacci levels from the 0.1234 high to 0.1213 low included 0.1225 (38.2%) and 0.1221 (50%). Price stalled at 0.1225 during the rebound and retraced from 0.1227 to 0.1221. A retest of 0.1221 could trigger further downside if sellers re-enter the market.
Looking ahead, the 0.1225–0.1227 zone appears critical. A breakout above 0.1227 could signal a short-term reversal, but bears may regain control if the 0.1221 level fails. Investors should be cautious of further consolidation or a test of 0.1219.
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