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Summary
• Price opened at 0.0392 and closed at 0.0399, with a high of 0.0401 and a low of 0.0388.
• A bullish engulfing pattern appears at the end of the session, indicating potential reversal.
• Volume spiked in the morning before tapering, with a final 5-minute turnover of $3,605.
• RSI moved from oversold to neutral, suggesting improved short-term momentum.
• Bollinger Bands show moderate volatility with price staying within the channel for most of the session.
Bonfida/Tether (FIDAUSDT) opened at 0.0392 on 2025-12-21 at 12:00 ET, reaching a low of 0.0388 before closing at 0.0399 by 12:00 ET on 2025-12-22. Total 24-hour volume was 9,799,483.9 with a notional turnover of approximately $383,180.
Structure & Formations
The price action showed a key support level at 0.0389-0.0391 that held for most of the session, preventing a deeper correction. A bullish engulfing pattern formed in the final hours, with the 0.0397–0.0401 range appearing as a short-term resistance cluster. A morning pullback to 0.0391 acted as a magnet for buyers, indicating strong internal support.
Moving Averages and Momentum
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the final hours, signaling a potential short-term upturn. RSI moved from oversold territory (near 28) to a neutral range (around 52), suggesting accumulation and improved momentum. MACD showed a narrowing bearish divergence in the morning, followed by a bullish crossover as the session progressed.
Volatility and Bollinger Bands
Volatility expanded in the early hours, with price bouncing near the upper and lower Bollinger Bands, but compressed toward the end of the session as price stabilized. A contraction in the bands during the final 2 hours suggests a potential breakout or continuation within the range.
Volume and Turnover Insights
Turnover spiked early in the morning, particularly between 00:15 ET and 03:30 ET, with volume peaking at 280,229 units. The final hour saw a modest pickup in volume as price pushed higher, which aligned with the upward move. A divergence between volume and price was observed in the 06:00–09:00 ET window, suggesting a pause in conviction.
FIDAUSDT may continue testing the 0.0401 resistance level in the coming 24 hours, with a potential retest of the 0.0391 support. Traders should be cautious of a pullback if volume fails to confirm further upside.
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