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Summary
• Price action shows a strong bearish bias with a key support level forming near 0.04545–0.0455.
• Volatility increased significantly after 00:15 ET as prices surged over 1.6% in a 15-minute window.
• Momentum in RSI suggests short-term oversold conditions, but price continues to press lower.
• Bollinger Bands show price remaining near the lower band for much of the session, indicating a consolidation in a downtrend.
• Volume spiked during the breakout above 0.0463, confirming the recent bearish reversal pattern.
Civic/Tether (CVCUSDT) opened at 0.04597 at 12:00 ET-1, reached a high of 0.04672, and closed at 0.04626 at 12:00 ET. The 24-hour trading range extended from 0.04540 to 0.04672. Total volume amounted to 6.26 million units, with a notional turnover of $283,135.
Structure & Formations
Price action during the early morning hours displayed a bearish engulfing pattern, with a strong rejection from 0.04626–0.04630. A critical support area formed near 0.04545–0.0455, where price spent extended time and failed to break below, forming a potential base for near-term consolidation.
Moving Averages
On the 5-minute chart, the price remained consistently below the 20 and 50-period moving averages, reinforcing the bearish bias. The 50-period line acted as a resistance zone between 0.0463 and 0.0464 during the session, with price failing to sustain above it.

Momentum and Relative Strength
The RSI indicator spent the majority of the session below 50 and even dipped into oversold territory below 30 in the early morning hours. However, price failed to rebound meaningfully, suggesting continued bearish momentum. The MACD showed a narrowing histogram as momentum waned in the afternoon and evening.
Volatility and Bollinger Bands
Volatility expanded significantly after 00:15 ET, with a sharp price increase coinciding with a breakout from a compressed Bollinger Band. Price remained near the lower band for most of the session, with only brief excursions toward the midline.
Volume and Turnover Analysis
Volume spiked notably between 00:15 and 0.45 ET, aligning with the price rally above 0.0463. This confirms the bearish continuation pattern. Turnover remained elevated during this period, indicating active selling pressure and strong conviction in the downward move.
Fibonacci Retracements
A key 5-minute swing from 0.04545 to 0.04672 saw price testing the 61.8% retracement level near 0.0460, where a pullback occurred. On the daily chart, the 61.8% level aligns near 0.0463, which may continue to act as a key resistance.
Traders may watch for a retest of 0.0454–0.0455 as a key area to determine whether a near-term rebound could form. However, given the sustained bearish momentum and elevated volume, a continuation of the decline toward 0.0453 or lower remains a possibility. Investors should remain cautious, as a breakout above 0.0463 could trigger renewed short-covering and volatility.
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