Summary
• Price formed bullish engulfing and bearish harami patterns at key levels.
• Volatility expanded after 19:00 ET with increased turnover and a high of $0.643.
• RSI and MACD showed diverging momentum, suggesting potential consolidation or reversal.
• Bollinger Bands widened as price moved above the 20-period MA with above-average volume.
• Fibonacci retracement levels at 0.614 and 0.630 acted as dynamic support and resistance.
Celestia/Tether (TIAUSDT) opened at $0.611 on 2025-12-10 at 12:00 ET, reached a high of $0.643, and closed at $0.604 by 12:00 ET on 2025-12-11. Total volume was approximately 6.19 million, with $4.03 million in notional turnover.
Structure & Formations
Price formed a bullish engulfing pattern around $0.613 and a bearish harami near $0.630. These levels acted as key support and resistance zones, with price failing to hold above $0.630 after a sharp rebound in the early evening. A doji formed near $0.635, signaling potential indecision and a possible pivot point in the near term.
Moving Averages
On the 5-minute chart, price closed below the 20-period and 50-period moving averages by the end of the 24-hour window, suggesting a bearish bias. Daily MAs (50/100/200) were not directly provided, but the intraday trend indicates a possible retracement toward key daily support levels that may be near the 0.600–0.610 range.
MACD & RSI
Momentum, as indicated by the MACD, diverged from price after $0.630, with the histogram contracting despite continued price movement. RSI reached overbought levels above 70 before reversing downward, reinforcing the bearish signal. The combination suggests a potential pullback could be imminent.
Bollinger Bands
Bollinger Bands widened significantly after 19:00 ET as price surged toward $0.643, indicating increased volatility. Price then fell back toward the lower band and closed near the middle band, suggesting a potential consolidation phase ahead. A breakout above the upper band could signal renewed bullish momentum.
Volume & Turnover
Volume spiked during the 19:15–20:00 ET window, coinciding with a sharp price rally to $0.643. However, the subsequent pullback saw a reduction in volume, indicating weakening follow-through.
Notional turnover also declined after 21:00 ET, suggesting reduced speculative activity. Price and turnover diverged after $0.630, raising questions about the sustainability of further gains.
Fibonacci Retracements
Fibonacci levels at 38.2% ($0.614) and 61.8% ($0.630) acted as dynamic support and resistance. Price tested both levels multiple times, with a final rejection at 61.8% reinforcing its role as a critical pivot. A break below $0.607 could test the next Fibonacci level and potentially trigger deeper retracement.
Over the next 24 hours, a test of the $0.607–0.610 range could determine whether the current bearish momentum continues or gives way to a short-term rebound. Investors should monitor volume during key support tests for confirmation or divergence signals.
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