Summary
• Price fluctuated within a range of $0.0473–$0.0486 amid moderate volume.
• A bearish reversal pattern emerged near $0.0482–$0.0485 during afternoon hours.
• RSI approached overbought territory but failed to sustain momentum.
• Volatility expanded in the final 6 hours, with price dipping below 20-period MA.
• Key support tested at $0.0475, with mixed follow-through observed.
Civic/Tether (CVCUSDT) opened at $0.0483 on 2025-12-09 12:00 ET, reached a high of $0.0486, and closed at $0.0479 as of 2025-12-10 12:00 ET. Total volume was 5.7 million CVC, with a notional turnover of approximately $271,400.
Structure & Formations
The price action displayed a bearish pattern near the upper end of the 24-hour range, with a potential engulfing candle at $0.0482–$0.0485 on the 5-minute chart. This pattern suggests a potential reversal after a brief rally from $0.0479. Support levels formed around $0.0475–$0.0477, where price found multiple floors during the session.
Moving Averages
On the 5-minute chart, price briefly crossed above the 20-period and 50-period moving averages in the early afternoon before retreating below them in the last 6 hours.
The daily time frame saw price trading below the 200-period MA, reinforcing a bearish bias.
MACD & RSI
The 5-minute MACD showed weakening bullish momentum in the afternoon, with a bearish crossover occurring after a rally. RSI peaked near 65–68, hinting at overbought conditions, but failed to confirm a sustainable breakout above $0.0485.
Bollinger Bands
Volatility expanded significantly in the last 6 hours, pushing price near the upper Bollinger Band at $0.0486 before a pullback. The bands widened from a tight consolidation earlier in the day, indicating increased short-term uncertainty.
Volume & Turnover
Volume spiked during the midday rally and again in the final 6 hours, confirming the price action to a degree, although turnover failed to reach new highs. A divergence between price and turnover in the late session suggests caution in interpreting follow-through.
Fibonacci Retracements
Recent 5-minute swings placed key Fibonacci levels at 38.2% ($0.0480) and 61.8% ($0.0476), both of which were tested in the afternoon and evening. The 61.8% level, in particular, acted as a strong floor, suggesting a potential near-term support zone.
Price appears to be consolidating ahead of a potential breakout or reversal. A break below $0.0475 could increase downside risk in the next 24 hours, while a retest of $0.0485 may offer a short-term resistance. Investors should remain cautious of increased volatility and potential divergences.
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