Summary
• Price declined from 0.2839 to 0.2765 over 24 hours, forming bearish engulfing and inside bars.
• RSI dropped below 30, indicating oversold conditions but weak follow-through.
• Volume surged during the overnight selloff but faded in the afternoon.
• Bollinger Bands widened early, followed by a contraction in midday.
• Key support tested at 0.2785–0.2795, with resistance at 0.2825 and 0.2839.
Ark/Tether (ARKUSDT) opened at 0.2839 on 2025-12-13 12:00 ET, reached a high of 0.2931, touched a low of 0.2762, and closed at 0.2765 on 2025-12-14 12:00 ET. The 24-hour volume was 979,371.0, with a notional turnover of 274,651.0.
Structure and Key Levels
Price action over the past 24 hours was defined by a strong bearish impulse following a sharp breakout below 0.2825, with a key support level forming at 0.2785–0.2795. Multiple inside bars and bearish engulfing patterns appeared after the early-morning spike to 0.2931.
A 50-period moving average on the 5-minute chart confirmed the downward momentum, with price consistently trading below both 20 and 50-period lines. The daily chart shows a broader downtrend, with price below the 200-day MA, reinforcing the bearish bias.
Momentum and Volatility
The RSI for the 5-minute chart plunged below 30, signaling oversold territory, but failed to see a strong rebound, suggesting exhaustion among buyers. The MACD remained in negative territory, with the histogram shrinking midday, indicating waning bearish momentum. Bollinger Bands displayed a period of expansion following the early-morning volatility but contracted sharply after 12:00 ET, signaling a potential lull in directional movement.
Volume and Turnover Divergence
The heaviest volume occurred during the overnight decline, particularly between 00:15 and 02:15 ET, with over 387k and 27k units traded, respectively. However, turnover volume dropped significantly after 06:00 ET, suggesting a lack of conviction among traders. Price and turnover moved in alignment during the early sell-off but diverged after 08:00 ET, as volume remained subdued despite continued price testing of key support levels.
Fibonacci Retracements
Applying Fibonacci levels to the overnight high of 0.2931 and the intra-day low of 0.2762, key retracement levels include 61.8% at 0.2818 and 38.2% at 0.2848. Price has bounced at 0.2825 multiple times, suggesting it could serve as a potential area for a short-term reversal or consolidation.
Price may consolidate in the near term as buyers test the 0.2785–0.2795 support zone, but without a strong reversal candle or a break above 0.2839, further downside into 0.2750–0.2760 could follow. Traders should remain cautious of potential short-covering or late-day volume surges that could distort short-term signals.
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