Market Overview: Bittensor/Rupiah (TAOIDR) on 2025-12-25

Summary
• Price surged past 3.73 million Rupiah, forming a bullish breakout pattern.
• Volume spiked in late trading, confirming upward momentum and breaking key resistance.
• MACD turned positive while RSI approached overbought territory, signaling high volatility.
• Bollinger Bands widened as price hovered near the upper band, indicating a continuation phase.
• Fibonacci retracement levels suggest potential pullbacks to 3.72 million as a key support.

Bittensor/Rupiah (TAOIDR) opened at 3,612,902 Rupiah on 2025-12-24 17:00 ET and surged to 3,796,003 Rupiah by 17:00 ET on 2025-12-25. Total volume reached 141.699 TAO, while turnover amounted to approximately 523.2 billion Rupiah.

Structure & Formations

Price broke above the 3,732,945 Rupiah resistance level with a strong upward bar followed by a bullish continuation pattern. A key support appears at 3,723,588 Rupiah, where the price has previously consolidated before rebounding. A long bullish engulfing pattern formed near the 3,754,610 Rupiah level, signaling further upside potential.

Moving Averages

Short-term momentum on the 5-minute chart is decisively bullish, with price above key 20 and 50-period moving averages. This suggests a continuation of the rally. Daily moving averages also align to the upside, with no immediate signs of a reversal.

Momentum and Volatility

MACD crossed into positive territory, supporting the bullish narrative. RSI approached the 70 threshold, indicating overbought conditions that could prompt a short-term pullback. Bollinger Bands expanded significantly, with price staying near the upper band, reinforcing the high volatility and trend strength.

Volume and Turnover

Trading activity intensified in the late hours, with volume spiking as price moved toward the 3.75–3.79 million range. Turnover confirmed the strength of the move, with no divergence observed between volume and price.

Fibonacci Retracements

The recent rally from 3,612,902 to 3,796,003 suggests key Fibonacci levels at 3,726,477 (38.2%) and 3,667,966 (61.8%). These could act as potential support or consolidation zones before a new leg higher.

Bittensor/Rupiah may test 3,800,000 Rupiah in the next 24 hours if bullish momentum continues. However, a consolidation near current levels or a pullback to 3,720,000 Rupiah could occur if short-term profit-taking emerges. Investors should monitor for a potential overbought RSI reversal and a breakdown of the 3,732,945 Rupiah level as a cautionary signal.