Summary
• Price broke above 0.112 after a consolidation phase, with 20-period MA acting as dynamic support.
• Volume spiked during the 00:15–00:30 ET window, confirming a breakout above 0.1125.
• RSI climbed into overbought territory near 68, hinting at possible short-term profit-taking pressure.
• Bollinger Band width expanded after a period of contraction, indicating rising volatility.
• A bullish engulfing pattern formed at 0.112–0.1125, suggesting continued upside momentum in the near term.
At 12:00 ET on December 22, 2025, Algorand/Tether (ALGOUSDT) opened at 0.1113, reached a high of 0.1142, touched a low of 0.1104, and closed at 0.1118. Total 24-hour volume was 20,835,779. Total turnover amounted to approximately $2,322,912.
Structure & Moving Averages
Price action saw a key breakout above 0.1125 on December 22, supported by the 20-period and 50-period moving averages on the 5-minute chart.
The 50-period MA appears to have acted as a dynamic floor earlier in the session, around 0.1112–0.1114. Daily chart indicators show the price remains above the 50-day and 100-day MAs, suggesting a continuation of the medium-term bullish trend.
Momentum Indicators
The RSI surged toward overbought territory near 68 during the early part of the session, indicating a short-term rally. MACD showed a positive crossover and expanding histogram, reinforcing bullish momentum. However, with RSI near 68 and no significant bullish divergence, a pullback or consolidation could be in the cards over the next 24 hours.
Volatility and Bollinger Bands
Bollinger Bands showed a tightening phase earlier in the session, followed by a breakout and expansion. The price has remained near the upper band since the 00:30 ET window, suggesting strong volatility and a continuation of the upward move. This pattern may signal a potential retest of the upper band as resistance.
Volume and Turnover
Volume spiked significantly during the 00:15–00:30 ET window, supporting the breakout above 0.1125. Turnover also increased during this period, with the largest single 5-minute turnover being $1,099,547 at 00:30 ET. This volume and price confirmation suggests strong conviction in the upward move, though divergence in volume during the afternoon may hint at waning momentum.
Fibonacci Retracements
On a 5-minute chart, the 38.2% and 61.8% Fibonacci retracement levels aligned with key support/resistance levels at 0.1115 and 0.1125, respectively. The price found support at the 38.2% level before pushing higher. On the daily chart, the 61.8% retracement of the larger December 21 pullback is near 0.1125, which the price has now tested. A close above this level could open the path toward 0.1137.
The forward-looking view suggests continued consolidation or a pullback may occur in the next 24 hours, given the overbought RSI and recent volume divergence. Investors may want to monitor the 0.1125–0.113 level for potential retests. As always, traders should be cautious of sudden volatility or news-driven shifts in sentiment.
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