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Summary
• Price formed bearish divergence with volume during early hours, signaling weakening bullish momentum.
• 5-minute candles showed a key resistance cluster at 0.0585–0.0586 with failed breakouts.
• RSI indicated oversold levels in the early morning before a modest rebound.
• Volatility expanded in the late evening, with price testing Bollinger Band extremes.
Ardor/Tether (ARDRUSDT) opened at 0.05828 on December 23 at 12:00 ET, reached a high of 0.05866, and a low of 0.05749 before closing at 0.05842 on December 24 at 12:00 ET. Total volume over the 24-hour window was 2,778,599.0, with a turnover of 160.90 USD.
Structure & Formations
Price action on the 5-minute chart showed a failed bullish breakout above 0.0585–0.0586, confirmed by a bearish engulfing pattern on the hourly timeframe. A key support zone formed between 0.0577–0.0579, where price found multiple times. A bearish divergence between price and volume appeared during the early hours, suggesting potential bearish pressure.
Technical Indicators
MACD lines crossed bearishly in the morning, with the histogram showing fading bullish momentum. RSI dipped into oversold territory around 0.0575 but failed to confirm a strong rebound, indicating cautious optimism. Bollinger Bands showed a moderate contraction in the early morning, followed by a sharp expansion as volatility increased in the late evening.

Volume & Turnover
Turnover spiked at 0.0585–0.0586 during the evening hours, confirming the resistance cluster. However, volume failed to confirm the breakouts, with bearish rejection observed after multiple attempts. A divergence between rising volume and falling price suggested accumulating bearish pressure.
Key Levels and Fibonacci Retracements
The 5-minute swing high at 0.05866 saw strong rejection, with Fibonacci retracement levels at 0.05842 (61.8%) and 0.05829 (38.2%) acting as pivot points for the day. A daily retracement from the recent high of 0.05866 to the low of 0.05749 suggested possible support at 0.05805 (38.2%) and resistance at 0.05842 (61.8%).
Price may test key support at 0.05805 in the coming 24 hours, with a potential bounce or breakdown likely to shape near-term sentiment. Investors should remain cautious about volatility spikes and watch for a confirmed breakout or breakdown from the 0.05842–0.0586 range.
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