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Summary
• Price consolidates around key 0.01728–0.01732 resistance cluster after early bearish reversal.
• RSI remains neutral, while volume surges confirm intraday volatility.
• A bullish engulfing pattern emerges post-04:45 ET as buying interest returns.
• Bollinger Bands show moderate contraction, indicating potential range expansion.
• Turnover spikes at 19:45 ET and 07:15 ET highlight strong directional trading.
The Babylon/USDC (BABYUSDC) pair opened at 0.01701 at 12:00 ET − 1, reached a high of 0.01737, and closed at 0.01729 at 12:00 ET, with a low of 0.01676 during the session. Total volume was 1,038,299.0 and notional turnover amounted to approximately $17,900 (based on average price).
Structure & Formations
Price tested key support levels at 0.01692 and 0.01723 multiple times, with a bullish engulfing pattern forming after the 04:45 ET session. A potential resistance cluster emerged at 0.01732–0.01737, where buyers stalled several times. The 0.01728–0.01732 range appears to be consolidating, suggesting a short-term decision point ahead.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed during the early bearish phase, forming a potential short-term sell signal. The daily chart shows the 50-period line above the 100 and 200-period lines, indicating a slightly bullish trend.
Momentum & Oscillators
The RSI fluctuated between 45 and 55 for much of the session, suggesting a neutral momentum bias.

Bollinger Bands
Volatility expanded significantly during the 19:45 ET and 07:15 ET sessions as price moved near the upper band, then gradually contracted as the pair consolidated. This suggests traders are watching for a breakout from the 0.01723–0.01732 range.
Volume and Turnover
Volume spiked during the 19:45–20:30 ET and 07:15–07:30 ET sessions, with corresponding price moves confirming strong directional trading. However, a divergence emerged after 08:15 ET, where volume failed to confirm the 0.01733 high, hinting at potential exhaustion.
Fibonacci Retracements
Key Fibonacci levels for the most recent 5-minute swing (0.01676–0.01737) sit at 0.01716 (38.2%) and 0.01725 (61.8%), which the pair has tested multiple times. On the daily chart, the 0.01695–0.01737 move shows a 61.8% retracement at 0.01711, which has acted as both support and resistance.
Looking ahead, the 0.01728–0.01732 resistance cluster could determine the pair’s near-term direction. Traders should watch for a break above 0.01737 or a breakdown below 0.01723, as either could trigger further volatility. As with all crypto assets, a sudden liquidity shift or black swan event could disrupt the expected pattern in the next 24 hours.
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