Market Overview for Chromia/Tether (CHRUSDT)

Summary
• Price action formed a bearish reversal pattern after a sharp decline in late ET hours.
• Volume surged during the 20:15–20:30 ET window, confirming downward momentum.
• RSI hit oversold levels, hinting at potential near-term buying interest.
• Bollinger Bands showed a moderate contraction earlier, followed by a breakout on the downside.
• Turnover and volume aligned during the drop, reinforcing bearish sentiment.

Chromia/Tether (CHRUSDT) opened at $0.0411 on 2025-12-22 12:00 ET, reached a high of $0.0413, a low of $0.0391, and closed at $0.0393 by 12:00 ET on 2025-12-23. Total volume across the 24-hour period was 5,684,248.00, with a notional turnover of approximately $222,600.

Structure & Formations

The price declined sharply from $0.0413 to $0.0391 over the course of 14 hours, forming a bearish inside bar pattern during the 20:15–20:30 ET window. Key support levels emerged around $0.0394 and $0.0391, with $0.0406 acting as resistance in earlier hours. The formation suggests short-term sellers took control after initial consolidation.

Technical Indicators

The RSI reached oversold territory in the final hours, suggesting potential for a rebound. The MACD showed bearish divergence as the price declined while the histogram remained relatively flat. On the daily timeframe, the 50-period and 200-period moving averages are widely separated, with the 50-line above the 200, suggesting longer-term bullish potential despite the short-term bearishness.

Volatility and Bollinger Bands

Bollinger Bands displayed a contraction in early hours, followed by a widening as the price broke below the lower band. This breakout was accompanied by a spike in volume, confirming the bearish move. The recent consolidation suggests a potential reversal could occur if price rebounds above the $0.0398 level.

Volume and Turnover

Volume spiked during the 20:15–20:30 ET window, aligning with a sharp decline from $0.0403 to $0.0398. Turnover moved in parallel with volume, reinforcing the bearish signal. Later in the session, volume remained elevated but more evenly distributed, suggesting a period of price discovery.

Fibonacci Retracements

The 38.2% Fibonacci retracement level is at $0.0398, while the 61.8% level is at $0.0404. The price has tested the 38.2% level twice in the past 24 hours and could find support there in the near term. A break below $0.0391 would target the next Fibonacci level at $0.0384.

In the next 24 hours, a retest of the $0.0394–$0.0398 range could trigger a short-term bounce, particularly if RSI shows a recovery. However, traders should remain cautious of a deeper pullback should the $0.0391 level break, as that could extend the decline further.