Market Overview: Anchored Coins AEUR/Tether

Summary
• Price declined from 1.1625 to 1.1514 over 24 hours amid bearish momentum and high volume.
• A large bearish engulfing pattern formed at 1.1612–1.158, confirming short-term weakness.
• Volatility expanded significantly after 00:00 ET, with price breaking below key support at 1.158.
• MACD turned negative and RSI entered oversold territory, suggesting possible near-term stabilization.
• Volume spiked during the 00:00–02:00 ET window, confirming bearish conviction.

Anchored Coins AEUR/Tether (AEURUSDT) opened at 1.1611 at 12:00 ET−1 and fell to 1.1514 by 12:00 ET, with a high of 1.1635 and low of 1.1514. Total volume reached 9,445.5 units, and turnover hit $10,980.19 over 24 hours.

Structure & Formations

Price broke below 1.1612 support and formed a large bearish engulfing pattern around the 00:00 ET candle, confirming the breakdown. A potential short-term support level appears near 1.1514, with a 61.8% Fibonacci retracement of the 1.1514–1.1635 move at 1.1564.

Moving Averages

The 5-minute 20-period and 50-period moving averages both crossed bearishly, reinforcing the downward trend. Daily 50/100/200-period averages remain unconfirmed but suggest bearish bias in the broader context.

Momentum & Volatility

MACD turned negative and RSI dropped to 28, signaling oversold territory and possible short-term bounce. Volatility expanded significantly after 00:00 ET, with Bollinger Bands widening as price broke to new 24-hour lows.

Volume & Turnover

Volume and turnover spiked during the 00:00–02:00 ET window, confirming the breakdown. A divergence between price and volume after 02:00 ET may indicate easing bearish pressure.

Looking ahead, AEURUSDT may test the 1.1530–1.1550 zone for potential support. Investors should remain cautious, as a break below 1.1514 could accelerate the decline.