Market Overview: Chromia/Tether (CHRUSDT) 24-Hour Technical Summary

Summary
• Chromia/Tether (CHRUSDT) declined 6.7% over 24 hours with bearish momentum intensifying.
• A key 0.0385 support held, but volume divergence raises bearish caution.
• RSI indicates oversold conditions, suggesting potential for a near-term bounce.

Chromia/Tether (CHRUSDT) opened at 0.0412 on 2025-12-18 12:00 ET and fell to a low of 0.0374 before closing at 0.0387 on 2025-12-19 12:00 ET. Total 24-hour volume was 7,005,904 and notional turnover amounted to $266,883.

Structure & Formations

Price carved a bearish flag pattern after a sharp selloff from 0.0413 to 0.0374. A key support at 0.0385 has held three times, with a 0.0392-0.0393 resistance cluster appearing to cap rallies. A potential bullish reversal pattern (takuri line) formed near 0.0386-0.0387, but confirmation remains pending.

Moving Averages

On the 5-minute chart, the price is below the 20SMA and 50SMA, indicating short-term bearish bias. On the daily chart, the 50DMA is at ~0.0390, and the 200DMA at ~0.0405. The price remains below both, reinforcing a longer-term bearish trend.

MACD & RSI

The 5-minute MACD turned lower in the negative territory, reinforcing bearish momentum. RSI dropped to 32 in the oversold zone, suggesting a potential bounce, but divergence between price and RSI implies caution.

Bollinger Bands

Volatility contracted during the overnight selloff, with the price testing the lower band multiple times. A retest of the 0.0385 support could trigger a bounce if the bands widen and price re-engage the middle band.

Volume & Turnover

Volume expanded during the 19:00–22:00 ET selloff, aligning with the price drop to 0.0374. However, subsequent rallies showed weaker volume, indicating a potential bearish divergence. Turnover remained proportional to price action, showing no signs of wash trading or washout.

Fibonacci Retracements

A 61.8% retracement of the 0.0413–0.0374 move sits at 0.0393, which acted as a minor resistance. A 38.2% retracement at 0.0389 has also been tested multiple times, suggesting a potential consolidation zone ahead.

Chromia/Tether appears to be consolidating near key support, with bearish momentum moderating. A break below 0.0385 could target 0.0375, but a recovery above 0.0393 may offer a reprieve. Investors should remain cautious of continued selling pressure and watch for volume confirmation of any reversal attempt.