Summary
• Chromia/Tether (CHRUSDT) declined from 0.0467 to 0.0438 in 24 hours amid high volume and bearish momentum.
• Key support appears at 0.0440–0.0445, with 0.0460 acting as a short-term resistance.
• RSI below 30 suggests oversold territory, but bearish volume divergence raises caution.
• Bollinger Bands show expanding volatility, with price near the lower band at close.
• A bullish reversal pattern formed near 0.0445, signaling potential consolidation.
Market Overview
At 12:00 ET–1 on December 16, 2025, Chromia/Tether (CHRUSDT) opened at 0.0467 and traded as high as 0.0467 and as low as 0.0436 before closing at 0.0438 at 12:00 ET on December 17. Total 24-hour volume amounted to 10,093,557.0, while notional turnover reached approximately 443.91 USD (calculated as sum of volume × price across all 5-minute intervals).
Structure & Formations
Price broke below the 0.0450 psychological level, forming a bearish continuation pattern. A potential support zone developed between 0.0440 and 0.0445, where a bullish engulfing pattern appeared.
No clear reversal doji formed during the session, but a key retracement level at 0.0447 coincided with a 61.8% Fibonacci level from a recent 5-minute swing, suggesting potential near-term resistance.
Indicators & Momentum
The 20-period and 50-period moving averages on the 5-minute chart remained bearish, with price below both. MACD lines showed bearish divergence with price, while RSI crossed into oversold territory below 30. However, volume failed to confirm strength during the bounce from 0.0440, signaling bearish exhaustion may not be certain.
Volatility and Bollinger Bands
Volatility expanded through the session, pushing the Bollinger Bands outward. Price closed near the lower band at 0.0438, indicating a potential bounce or further correction. A contraction in volatility prior to the 0.0450 breakdown may suggest a consolidation phase could follow.
Volume and Turnover
High volume characterized the breakdown below 0.0450, particularly during the 17:30 ET–18:15 ET window, while volume during the 0.0440–0.0445 rebound was relatively muted, pointing to potential bearish control. Turnover aligned with volume in confirming the breakdown, but not the rebound.
While the 0.0438–0.0440 area may offer short-term support, a break below that level could accelerate the move toward 0.0430. Investors should monitor volume during any bounce and be cautious of a continuation of the bearish momentum if RSI fails to respond.
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