Summary
• Price tested key support at 0.411–0.413 before bouncing.
• Momentum shifted mid-day as RSI crossed above 50.
• Volume spiked during the final 5-hour stretch, confirming buyers.
• A bullish engulfing pattern emerged after the 0.413 low.
• Volatility expanded as Bollinger Bands widened post-noon.
At 12:00 ET on 2025-12-07, Cardano/Tether (ADAUSDT) opened at 0.4184, reached a high of 0.4255, a low of 0.4057, and closed at 0.4255. Total volume for the 24-hour period was 14,819,499.6, with a notional turnover of approximately 6,192,162.8 USDT.
Structure & Formations
ADAUSDT found strong support in the 0.411–0.413 range, where a bullish reversal occurred.
A notable bullish engulfing pattern developed after the 0.4137 low, suggesting short-term buyers entered aggressively. Resistance levels at 0.4205 and 0.4255 were tested and held, indicating that upward momentum could gain traction if volume remains elevated.
Moving Averages
On the 5-minute chart, price closed above both the 20 and 50-period moving averages, confirming a shift in bias. On the daily timeframe, ADAUSDT is above the 50 and 200-period lines but below the 100-period MA, showing a mixed but cautiously bullish setup.
MACD & RSI
The RSI crossed above 50 during the morning session, confirming a shift in momentum toward the bulls. The MACD line moved above the signal line in the afternoon and held positive territory, reinforcing the strength of the late-day rally.
Bollinger Bands
Volatility expanded after noon as Bollinger Bands widened, with price closing near the upper band. This suggests a potential continuation of the upward move, but a close above 0.4255 could trigger further bullish expansion.
Volume & Turnover
Volume increased dramatically in the last five hours of the window, with the highest turnover occurring during the 14:30–15:15 ET period, when price dropped to 0.4057. This divergence suggests aggressive buying at lower levels, which appears to have confirmed the recent rebound.
Fibonacci Retracements
Recent swings from 0.4137 to 0.4255 align with key Fibonacci levels. The 0.618 retracement at 0.4202 was a key pivot point, and price extended beyond it, suggesting that traders may now look toward 0.430 as a potential target.
Looking ahead, ADAUSDT may attempt to hold above 0.4205 in the next 24 hours. A break below 0.415 could trigger a retest of the 0.411 support zone. Investors should monitor volume for signs of sustainability.
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