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Summary
• Price surged to a 24-hour high of $26.92, rebounding from a morning consolidation phase.
• High volume and turnover confirm strength in the $26.65–$26.75 range.
• RSI overbought conditions suggest potential pullback risk near $26.80.
• A bullish engulfing pattern emerged during the afternoon spike.
• Volatility expanded as Bollinger Bands widened post 16:00 ET.
24-Hour Summary
Compound/Tether (COMPUSDT) opened at $26.24 (12:00 ET − 1) and traded between $26.16 and a high of $26.92, closing at $26.76 (12:00 ET). The total volume reached 7,468.81 COMP, with a notional turnover of $200,020.18 over the 24-hour period.
Structure & Formations
Price action showed a key bullish consolidation phase between $26.55 and $26.75 before a breakout above $26.80.

Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the morning, signaling short-term bullish momentum. Daily MAs showed a bearish bias, with price lingering below the 200-day MA.
Momentum & Volatility
RSI surged into overbought territory near 75 by mid-afternoon, suggesting possible near-term profit-taking. MACD showed a strong positive divergence in the 15:00–17:00 ET window. Volatility expanded notably from 16:00 ET, with Bollinger Bands widening to accommodate the sharp move.
Volume & Turnover
Volume spiked dramatically after 16:00 ET, especially between 16:15 and 16:45 ET, coinciding with the breakout above $26.80. Turnover mirrored this, showing strong buying pressure in the final three hours. Price and volume aligned well, reinforcing the strength of the move.
Fibonacci Retracements
A 5-minute swing from $26.54 to $26.92 marked key retracement levels, with $26.80 aligning to the 61.8% level. The daily chart showed the price near the 38.2% retracement of a recent bearish move, suggesting it could continue to test the 61.8% level if bullish momentum holds.
Outlook
The recent move above $26.80 appears to signal a potential short-term reversal, supported by volume and pattern strength. However, overbought RSI and a lack of follow-through above $26.92 suggest caution. Investors should monitor the $26.75–$26.80 range for confirmation or a pullback in the next 24 hours.
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