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Summary
• Price retreated from a key resistance at 0.01682 but held above 0.01668.
• Volume spiked during early evening ET, with a divergent drop in turnover.
• A bearish engulfing pattern formed near 0.01674–0.01676, hinting at possible short-term bear momentum.
• RSI remains neutral, while Bollinger Bands show a moderate contraction in volatility.
The pair Babylon/USDC (BABYUSDC) opened at 0.01684 on 2025-12-29 12:00 ET, reached a high of 0.01684, and a low of 0.01662, closing at 0.01668 by 12:00 ET on 2025-12-30. Total volume was 527,940.0, and notional turnover was 8,802.95
.Structure & Moving Averages
Price found resistance near 0.01682, with several failed attempts to break above it. A 20-period 5-min moving average drifted lower during the decline, crossing below the 50-period to confirm bearish momentum. On the daily chart, the 50-period moving average appears to act as a psychological floor near 0.01665, currently in line with support from the 200-period MA.
Momentum & Volatility Indicators

Volume and Turnover Dynamics
Volume surged in the early evening ET, particularly between 20:00 and 22:00, with notional turnover peaking at ~$1,461K. However, turnover then declined sharply, even as volume remained steady, signaling a potential divergence. A bearish engulfing pattern formed around 0.01674–0.01676, suggesting a possible short-term correction.
Key Fibonacci Levels
Recent 5-minute retracements show 38.2% support at 0.01675 and 61.8% at 0.01669. The daily Fibonacci structure suggests a potential test of the 61.8% level at 0.01664 could be the next support target.
Price may continue to consolidate in the near term, with 0.01662 a potential near-term support target. Traders should remain cautious of a test below 0.01664, which could accelerate bearish momentum.
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