Summary
• Price action showed a bearish trend, breaking below key 5-minute support levels near 0.06000.
• Volume surged during the late ET hours, suggesting increased selling pressure post-20:00 ET.
• RSI and MACD indicated weakening momentum, with RSI hovering near oversold territory by midday ET.
• Volatility expanded as Bollinger Bands widened, reflecting increased uncertainty and price swings.
Market Overview
Ardor/Tether (ARDRUSDT) opened at 0.06003 on 2025-12-09 12:00 ET and closed at 0.05912 by 12:00 ET the next day, with a high of 0.06047 and a low of 0.05872. Total volume for the 24-hour period was 1,262,773.0, and notional turnover was approximately $74,496.00.
Structure & Formations
Price action on the 5-minute chart revealed a consistent breakdown from key resistance levels between 0.06030 and 0.06050, with a bearish engulfing pattern forming around 20:30 ET. A notable 5-minute doji appeared near 0.05955, suggesting indecision ahead of the sharp descent.
MACD & RSI
MACD turned negative and diverged from the price rally in the early ET hours, while RSI moved into oversold territory (~30) by 08:00 ET. This may signal a potential short-term bounce, though bearish momentum remains intact.
Bollinger Bands
Volatility expanded significantly during the session, with the Bollinger Band width increasing by ~25% from midday to midnight ET. Price tested the lower band several times, indicating high bearish pressure.
Volume & Turnover
Trading volume spiked sharply around 20:30–21:00 ET, coinciding with the breakdown of the 0.06000 level. Notional turnover also increased during this period, confirming the volume surge and reinforcing the bearish narrative. No major divergence was observed between price and turnover.
Fibonacci Retracements
A 5-minute swing from 0.06047 to 0.05872 saw price stall near the 61.8% retracement level (~0.05945). A daily retracement from a recent high of 0.06300 to a low of 0.05850 places key support near 0.05930, which may provide a short-term floor.
In the next 24 hours, a test of support near 0.05900 and the 61.8% Fibonacci level could occur, though a pullback to the 0.05930–0.05950 range may offer a potential rebound. Investors should be cautious of further downside if key supports fail to hold.
Comments
No comments yet