Summary
•
drifted lower throughout the 24-hour period, closing near session lows amid bearish momentum.
• Key support at 0.195–0.1965 appears to be in play, with a potential reversal attempt forming.
• Volume and turnover spiked after the 0.200–0.201 cluster broke down, confirming bearish continuation.
• A potential bullish engulfing pattern at 0.1970–0.1985 hints at a short-term rebound.
ApeCoin/Tether (APEUSDT) opened at 0.2013 on 2025-12-22 12:00 ET, reached a high of 0.2020, and closed at 0.1972 by 2025-12-23 12:00 ET, hitting a low of 0.1922. The total volume for the 24-hour period was 7.59 million, with a notional turnover of approximately $1.49 million.
Structure & Moving Averages
Price action on the 5-minute chart shows a breakdown below the 20-period and 50-period moving averages, reinforcing a near-term bearish bias. On the daily chart, the 50/100/200 EMA alignment suggests a broader downtrend remains intact, with no immediate reversal signs.
Momentum & Indicators
The RSI has been in oversold territory for several hours, hinting at a possible short-term bounce. The MACD remains bearish with a negative histogram, confirming ongoing selling pressure.
Volatility and Volume
Volatility expanded significantly during the sharp decline from 0.200 to 0.1965, as Bollinger Bands widened. Notional turnover spiked during the breakdown, confirming the move. Price appears to be testing the lower Bollinger Band at 0.195, where a temporary bounce may occur.
Fibonacci and Key Levels
A key Fibonacci retracement level at 0.1965 (61.8% of the 0.1922–0.1986 swing) appears to be holding as support. A break below this could target the next level at 0.1941.
Looking ahead, a bounce above 0.198 could test the 0.1986–0.1991 area, where earlier rejections occurred. Investors should remain cautious, as a breakdown below 0.195 may extend the correction further.
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