Summary
• Price action shows bearish exhaustion with a long upper shadow near the 24-hour high and a sharp drop in the final hours.
• Volume peaks in the first hour suggest initial buying interest, but turnover diverges downward as price declines.
• RSI and MACD signal weakening momentum, with RSI hovering near oversold territory.
Celestia/Tether (TIAUSDT) opened at $0.512 on 2025-12-16 12:00 ET, reached a high of $0.523, fell to a low of $0.486, and closed at $0.494 by 12:00 ET on 2025-12-17. Total volume was 10,413,625.78, with a turnover of approximately $5,177,026.
Structure & Formations
The candlestick pattern over the last 24 hours includes a bearish engulfing pattern in the 16:30–17:00 ET timeframe and several long lower shadows, suggesting short-term support at 0.486–0.490. Resistance appears consolidated at 0.512–0.517, where the price previously failed to break above.
Moving Averages
On the 5-minute chart, the price has spent most of the period below both the 20 and 50-period SMAs, indicating downward bias. Daily moving averages (50/100/200) are not directly observable from 5-minute OHLCV, but the closing price suggests a bearish cross with the 50SMA.
MACD & RSI
The MACD line has remained below the signal line, with negative divergence growing in the final 4–6 hours. RSI dropped from overbought levels to oversold territory, reaching as low as 27, suggesting potential for a short-term rebound or consolidation.
Bollinger Bands
Volatility increased throughout the session with the bands widening, especially during the early drop from 0.523 to 0.503. The price has spent the last 6 hours within the lower band, indicating weak conviction in the current bearish trend.
Volume & Turnover
Volume spiked sharply in the first hour but dropped significantly during the downward leg, with the most recent 3–4 hours showing thin volume and low turnover. This divergence could signal a potential pause or reversal in the near term.
Fibonacci Retracements
Key Fibonacci retracement levels from the 0.486 low to the 0.523 high suggest a possible bounce near the 0.505–0.510 level (38.2% retracement). A break above 0.517 (61.8% retracement) could indicate a shift in sentiment.
The market appears to be consolidating near key support levels, with a possible short-term bounce expected if volume increases on the next upward leg. Investors should remain cautious, as a break below 0.486 could accelerate further selling pressure.
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