Market Overview: Contentos/Tether (COSUSDT) – 24-Hour Summary (12:00 ET – 12:00 ET)

Summary
• Price tested key support near 0.001385 before finding a near-term floor.
• Volume surged during the early session but declined after 03:00 ET, signaling weakening momentum.
• RSI indicated oversold conditions by 09:00 ET, suggesting potential for a short-term bounce.
• A bullish engulfing pattern emerged near 0.001374 at 07:15 ET, hinting at short-term reversal.

Market Overview

Contentos/Tether (COSUSDT) opened at 0.001396 on 2025-12-13 at 12:00 ET, reached a high of 0.001401, tested a low of 0.001345, and closed at 0.001354 by 12:00 ET the following day. Total volume for the 24-hour window was 41,285,994.79999999, with notional turnover at approximately $56,867.

Structure and Key Levels

The 24-hour chart revealed a significant breakdown below the 0.001390 psychological level, with 0.001385 offering immediate support before price continued lower. A potential short-term support zone is forming near 0.001365, where price briefly bounced twice. No strong resistance rejections were observed during the session, suggesting bearish continuation for now. A bullish engulfing candle near 0.001374 at 07:15 ET may signal a potential counter-trend rally if buyers re-enter the market.

Momentum and Volatility

The RSI dropped into oversold territory below 30 near 09:00 ET and remained there for several hours, indicating short-term exhaustion among sellers. The MACD crossed into negative territory in the early session and remained bearish, with the signal line showing a slow downward trend. Volatility, as measured by Bollinger Bands, widened during the morning and compressed during the afternoon, indicating a possible pause in directional movement.

Volume and Turnover

Volume spiked sharply during the early hours, particularly between 19:00 and 22:00 ET, coinciding with the breakdown below 0.001390. However, volume significantly declined after 03:00 ET, even as price continued to drift lower. This suggests weakening conviction among sellers. Turnover remained relatively steady, but a divergence between declining price and muted turnover after 05:00 ET may indicate waning interest.

Looking Ahead

The next 24 hours could see a test of the 0.001365 support zone. A rebound above 0.001375 may trigger a short-covering rally, but a break below 0.001350 could extend the decline further. Traders should monitor volume and RSI for signs of shifting momentum. As always, liquidity conditions and broader market sentiment remain key risks to consider.