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Summary
• Price dipped to 25.86 before reclaiming 26.13–26.22 range with bullish reversal signs at lower end.
• Volatility rose from $25.66 to $26.37, with turnover spiking in the final 5 hours.
• 20-period EMA on 5-min chart crossed above price during 03:45–06:00 ET, suggesting short-term reversal.
• RSI (14) hit oversold 30s twice but failed to trigger sustained bounce; momentum remains mixed.
• Bollinger Band contraction noted between 19:00–20:00 ET, followed by sharp price expansion.
Compound/Tether (COMPUSDT) opened at $26.36 on 2025-12-28 at 12:00 ET, reached a high of $26.37, a low of $25.66, and closed at $26.01 on 2025-12-29 at 12:00 ET. Total volume was 17,299.55, with notional turnover of $447,218.30 in the 24-hour period.
Price action on the 5-minute chart showed a bearish breakdown below the key support level of $25.86 at 19:30 ET, followed by a retest and recovery in the early morning hours. A bullish engulfing pattern formed around $25.86–25.92 during 05:45–06:00 ET, signaling potential short-term reversal. . The 20-period EMA crossed above price during 03:45–06:00 ET, reinforcing this possibility.
The RSI (14) dipped into the 30s twice—once at $25.86 (20:00 ET) and again at $25.70 (12:15 ET)—but failed to spark a sustained rebound. Momentum remained mixed, with bearish divergence visible in the latter half of the day.
Bollinger Bands showed a tightening phase between 19:00–20:00 ET as volatility waned, followed by an expansion and price breakout. The move from $25.66 to $26.37 over the past 12 hours suggests a period of elevated volatility. Notional turnover spiked sharply in the final 5 hours, particularly during the $26.12–26.22 rally between 10:30–10:45 ET, where over $40,000 in turnover was recorded.
A significant 5-minute swing from $25.66 to $26.37 saw a pullback to the 61.8% Fibonacci level at $25.89–25.92, where price found temporary support. On the daily chart, the 200-period SMA is likely near $26.05, with the current close at $26.01 suggesting a possible near-term test of that level.
If price reclaims $26.13, it may test $26.22–26.30 as resistance. A failure to hold above $25.86–25.89 could trigger a deeper pullback. Investors should monitor the 50-period EMA on the 5-minute chart for confirmation of a potential short-term bullish reversal. As always, the market remains exposed to broader crypto sentiment shifts over the next 24 hours.
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