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Summary
• Price fell from 0.2372 to 0.2309, breaking key support at 0.232.
• Volume surged near 0.226–0.228 as price hit 24-hour lows.
• RSI entered oversold territory, hinting at possible short-term bounce.
• Bollinger Bands widened during late ET sell-off, showing increased volatility.
• A bearish engulfing pattern formed around 0.232–0.234, suggesting continued downward bias.
At 12:00 ET on 2025-12-07, Artificial Superintelligence Alliance/Tether (FETUSDT) opened at 0.2363, reached a high of 0.2377, a low of 0.2241, and closed at 0.2309. The 24-hour trading session saw total volume of 19,264,993.0 units and notional turnover of $4,912,057.81 (assuming 1 USDT = $1).
Structure & Key Levels
The price action showed a strong breakdown below the 0.232 level, with the 0.230–0.232 range now acting as a new resistance zone. A bearish engulfing pattern formed near 0.232, reinforcing downward momentum. A significant support appears forming near 0.226–0.228, where volume surged as the price hit a 24-hour low of 0.2241. The 0.2296 level also showed some consolidation after a sharp drop.
Trend and Momentum
The 5-minute moving averages (20 and 50) confirmed the downtrend throughout the session, with price staying below both. The 50-period MA crossed below the 100-period MA near the session’s end, suggesting bearish bias. RSI dropped into the 20–25 range, signaling oversold conditions, though this could persist for a while if sentiment remains bearish. The MACD line turned negative and the histogram shrank during the late ET sell-off, indicating waning bearish momentum, but with potential for a short-term rebound.
Volatility and Volume
Volatility increased significantly during the late ET sell-off, as seen by the widening of Bollinger Bands and the sharp drop in price. Volume spiked near 0.226–0.228, with over 7.49 million units traded near the lows, indicating heightened selling pressure. The largest volume spike came at 15:15 ET, when price rebounded from 0.2255 to 0.2292 on a massive 5.76 million-unit volume surge. Notional turnover spiked to over $1.7 million during this rebound.
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Fibonacci Retracements
Applying Fibonacci to the 0.2377–0.2241 move, the 61.8% retracement level is at approximately 0.2299, which may act as a short-term support. The 50% level at 0.2309 coincided with the 12:00 ET close, suggesting potential consolidation or a bounce if buyers emerge. On the daily chart, a 50% retracement of the prior week’s swing may form at 0.234, which could serve as resistance in the near term.
Looking ahead, the market appears to be testing the 0.226–0.228 zone for support. A close above 0.2309 could signal a short-term rebound, while a break below 0.226 would raise the risk of a deeper correction toward 0.224. Investors should monitor volume and RSI for signs of exhaustion or renewed demand.
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