Summary
• Price advanced above key resistance of 0.0334, closing near session highs.
• Volume spiked during the bullish breakout at 20:15 ET, confirming momentum.
• RSI shows overbought conditions, suggesting potential for near-term pullback.
• Bollinger Bands expanded during the breakout, indicating rising volatility.
• Fibonacci retracement levels suggest 0.0339–0.0341 as next resistance cluster.
At 12:00 ET on 2025-12-08,
Audius/Tether (AUDIOUSDT) opened at 0.033, reached a high of 0.0344, touched a low of 0.033, and closed at 0.0336. Total
volume was 6,223,940.0, with
turnover amounting to 209,906.9.
Structure & Formations
Price formed a strong bullish breakout above the 0.0334 level during the 20:15–20:30 ET window. This was confirmed by strong volume and a large bullish candle. A small upper shadow on the final 5-minute candle at 06:45 ET suggests a possible consolidation phase. Key support appears at 0.0334–0.0336, with 0.0339–0.0341 as the next probable resistance cluster on the 5-minute chart.
Moving Averages
Short-term momentum remains bullish, with price staying above the 20-period and 50-period moving averages on the 5-minute chart. The 50-period moving average currently sits at approximately 0.03355, suggesting that the trend could remain positive in the near term. On the daily chart, price is above the 50 SMA but below the 100 SMA, indicating mixed signals for longer-term direction.
MACD & RSI
The 5-minute MACD line crossed above the signal line during the 20:15 ET surge and remains positive, suggesting ongoing bullish momentum. RSI approached overbought territory (74) during the breakout, signaling a potential pause or retest of key levels. While not yet at extreme levels, caution is warranted.
Bollinger Bands
Price moved well above the upper Bollinger Band during the breakout, indicating a strong price move. This suggests increased volatility and could lead to a temporary pullback toward the mid-band. The width of the bands has expanded significantly, reinforcing the idea of a breakout phase.
Volume & Turnover
Volume surged during the breakout between 20:15 and 20:30 ET, with a single candle contributing nearly 2.9 million volume. This was accompanied by a notional turnover of 81,869.9, the highest of the session. The subsequent period saw lower volume, suggesting that the buying pressure may be tapering off.
Fibonacci Retracements
Applying Fibonacci retracements to the breakout move from 0.0334 to 0.0344, the 61.8% level is at 0.0341, which may now act as a near-term resistance. A retest of the 50% level at 0.0337 could also occur during consolidation.
Looking ahead, price could test the 0.0341 level within the next 24 hours, but investors should remain cautious of a short-term pullback due to overbought conditions. A break below 0.0336 may signal a reentry into consolidation.
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