Summary
• Price dropped to 0.1059 after a strong 0.1121 open, but rallied 4.4% by 12:00 ET.
• Volume surged to 2.48M at the close, confirming the final bullish reversal.
• RSI bottomed near oversold 30, signaling possible short-term bounce.
• Bollinger Bands expanded during the 0.1058–0.1069 rebound, suggesting rising volatility.
• A bullish engulfing pattern formed at 0.1071–0.1073, hinting at a potential reversal.
Algorand/Tether (ALGOUSDT) opened at 0.1121 on 2025-12-18 12:00 ET, reaching a high of 0.1143 and a low of 0.1059, before closing at 0.1128 on 2025-12-19 12:00 ET. Total volume amounted to 44,027,489.0 ALGO, with a notional turnover of approximately $4,936,000.
Structure & Formations
The price action displayed a significant bearish breakdown from 0.1121 to 0.1059, followed by a strong bullish reversal from the 0.1058–0.1069 range.
A bullish engulfing pattern formed between 0.1071 and 0.1073, suggesting a potential short-term reversal. Key support levels emerged at 0.1058–0.1069, while resistance appeared at 0.1085 and 0.1102–0.1109.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed into bullish territory during the final hours of the day. The daily 50/100/200 MA structure was in a bearish bias heading into the session, but recent momentum may challenge the 50 MA as a potential near-term pivot.
MACD & RSI
RSI bottomed near oversold territory at 30 during the 0.1059 low, indicating a potential bounce. MACD crossed into positive territory in the final hours, confirming the bullish reversal. However, RSI remains within neutral range, suggesting a continuation of consolidation could occur before a breakout.
Bollinger Bands
Volatility expanded during the 0.1058–0.1069 rebound and again as the price pushed to 0.1143. Price closed near the upper band at 0.1128, indicating a potential continuation of the rally if momentum holds.
Volume & Turnover
Volume spiked at 2.48M ALGO near the 0.1122–0.1128 close, confirming the bullish reversal. Notional turnover followed a similar pattern, with the final hour seeing increased buying pressure. No clear price–turnover divergence was observed.
Fibonacci Retracements
A 5-minute swing from 0.1059 to 0.1143 saw the price closing near the 61.8% retracement level at 0.1121–0.1122, reinforcing the potential for a continuation of the bullish move. Daily Fibonacci levels aligned with the 0.1102–0.1109 range, now acting as potential support.
The price may continue testing the 0.113–0.1143 range over the next 24 hours, with a risk of retracement to 0.1085 if momentum fails to hold. Investors should watch for confirmation from the 50 MA and RSI for signs of a broader trend shift.
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