Summary
• Price found key support near $12.08 and rallied strongly, forming a bullish reversal pattern after midday ET.
• Volatility expanded significantly, with a sharp drop into the evening followed by a rebound exceeding prior highs.
• RSI showed overbought conditions in late morning and oversold in the early afternoon, reflecting divergent momentum.
• Bollinger Bands widened during the late-night selloff, suggesting increased uncertainty and consolidation ahead.
• Volume surged during the 24-hour high and again during the rebound, indicating strong conviction on both sides.
Chainlink/Tether (LINKUSDT) opened at $12.32 on 2025-12-25 12:00 ET, reached a high of $12.54, a low of $11.99, and closed at $12.42 as of 2025-12-26 12:00 ET. The total 24-hour volume was 1,088,930.91, with a notional turnover of $13,330,389.34.
Structure and Key Levels
Price action showed a key support level forming near $12.08 during the overnight session, followed by a strong rebound that tested prior resistance around $12.45–$12.51. A bullish engulfing pattern emerged after the selloff, suggesting short-term buyers stepped in. Resistance levels appear at $12.45 and $12.51, while support is likely at $12.32 and $12.08 on the 5-minute chart.
Momentum and Volatility
Momentum, as reflected in the RSI, showed overbought conditions in late morning (before $12.51) and oversold readings in the early afternoon (near $12.03), indicating a significant reversal. MACD confirmed the bullish shift with a positive crossover during the afternoon rebound. Bollinger Bands expanded during the sharp sell-off and have since begun to contract, signaling a potential period of consolidation.
Volume and Turnover
Volume spiked during the 24-hour high near $12.54 and again during the rebound from $12.08, confirming strong conviction in both directions. However, a divergence appeared in the late afternoon when volume declined despite a continued price rebound, suggesting cautious optimism. Turnover followed a similar pattern, peaking during the high and rebound, while remaining steady during consolidation.
Forward-Looking View
The pair appears to be consolidating near key resistance levels, with a potential break above $12.45 indicating further upside. However, a pullback to
$12.32–$12.34 could reestablish the balance before a stronger move. Investors should monitor for a sustained break above $12.51 or a retest of $12.08 for directional clarity.
Risk remains skewed to the upside in the short term, but a sharp drop below $12.24 could reignite bearish sentiment.
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