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Summary
• Price formed a bullish engulfing pattern near 0.0597 and later broke a key 0.0604 resistance.
• RSI showed early overbought signs before a sharp pullback, hinting at profit-taking.
• Volume surged during the 0.0604-0.0608 push but dropped during the retracement, signaling potential consolidation.
• Price remained within Bollinger Bands through the session, with no major volatility expansion.
• Turnover spiked during the late-night rally, but divergence emerged in the morning sell-off.
Ardor/Tether (ARDRUSDT) opened at 0.06004 on December 5 at 12:00 ET, hit a high of 0.06088, and fell to a low of 0.0593 before closing at 0.05908 on December 6 at 12:00 ET. Total volume for the 24-hour period was 6,782,947.5, with a notional turnover of $405,581.66.
Structure & Formation
A bullish engulfing pattern formed near 0.0597 early in the session, following a sharp bearish reversal. Price then broke out above the 0.0604 resistance with a high of 0.06088. A key bearish reversal followed in the early morning, with a doji forming at 0.0603, suggesting indecision. A 0.0592–0.0597 support level held through the session, offering a potential floor for the next 24 hours.
Moving Averages
The 5-minute 20SMA and 50SMA crossed briefly during the 0.0604–0.0608 rally, indicating short-term bullish momentum.

Momentum & Volatility
The RSI reached overbought territory around 62 as the price approached 0.0608, followed by a rapid pullback into neutral territory. MACD showed a bearish crossover in the late morning session. Bollinger Bands remained relatively stable, with price fluctuating within a narrow range for most of the session, suggesting a period of consolidation may be forming.
Volume and Turnover
Volume surged during the 0.0604–0.0608 rally, particularly in the 22:00–23:45 ET window. However, during the subsequent sell-off into the morning, volume dropped significantly, indicating weaker follow-through from buyers. Turnover showed a similar divergence, with the largest notional value recorded during the late-night rally.
Fibonacci Retracements
On the 5-minute chart, price retraced to the 38.2% level (0.0603) after the 0.06088 peak, suggesting a potential short-term pause. On the daily chart, the 61.8% retracement level at 0.0597 has been tested twice, indicating it could serve as a key support/resistance area in the near term.
Ardor/Tether may test the 0.0594–0.0597 zone for support in the next 24 hours, with a potential for a rebound if buying interest reemerges. Traders should watch for a break above 0.0608 to confirm renewed bullish momentum, but caution is warranted due to recent divergence in volume and momentum indicators.
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