Summary
• Price tested key resistance at $0.001250–$0.001260 before consolidating.
• Momentum surged in late ET with RSI approaching overbought.
• Volatility expanded during the session, confirming upward price action.
• Volume spiked during breakouts above $0.001250, validating bullish sentiment.
• A bearish divergence in the final hour may signal caution ahead.
Contentos/Tether (COSUSDT) opened at $0.001247 on 2025-12-20 at 12:00 ET, reached a high of $0.001265, and closed at $0.001255 on 2025-12-21 at 12:00 ET, with a low of $0.001227. Total volume for the 24-hour period was approximately 28,500,000 COS, with a notional turnover of ~$35,320.
Structure & Formations
Price action displayed a clear bullish bias during the latter half of the session, forming a higher high and higher lows above $0.001250. A bullish engulfing pattern formed around 08:30 ET, followed by a strong push toward $0.001260. Key resistance appears to be forming near $0.001265, with support potentially at $0.001250.
A doji formed near $0.001253 in the final hours, signaling potential indecision ahead.
Moving Averages
On the 5-minute chart, price closed above the 20-period and 50-period moving averages, suggesting a continuation of the short-term uptrend. On the daily timeframe, the 50-period MA is approaching the 100-period MA, but the 200-period MA remains above, suggesting longer-term caution.
MACD & RSI
The MACD turned positive and showed a bullish crossover around 07:15 ET, aligning with price strength. The RSI reached 68–69 in the final hour, nearing overbought territory, which may indicate a pullback is possible in the near term. A bearish divergence formed as price pushed higher while RSI flattened, suggesting caution in the short-term.
Bollinger Bands
Price action moved well above the upper Bollinger Band during the late ET session, confirming strong volatility. The bands had widened earlier in the session, suggesting increased market participation and risk-on sentiment. Price may consolidate within the bands in the near term.
Volume & Turnover
Volume surged during the bullish breakout above $0.001250 and again near the session high at $0.001265, confirming the strength of those moves. Turnover followed volume closely, showing no major divergence. However, a drop in volume during the final 90 minutes may indicate a pause in buying pressure.
Fibonacci Retracements
A key 61.8% retracement level lies around $0.001257–$0.001258, aligning with the recent consolidation phase. A break above this level could target $0.001264–$0.001265 as a potential short-term ceiling. On the downside, the 38.2% level at $0.001250 may hold as support in the next 24–48 hours.
Price may test $0.001265 in the near term but appears vulnerable to a pullback due to overbought RSI and a bearish divergence. Investors should monitor volume behavior and key Fibonacci levels for signs of continuation or reversal.
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