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Summary
• Price advanced 6.5% over 24 hours, forming a bullish breakout above 0.001240.
• Volatility expanded as Bollinger Bands widened following a period of consolidation.
• High-volume confirmation above key resistance suggests momentum could persist.
• RSI moved into overbought territory, signaling potential for short-term pullback.
• A bullish engulfing pattern emerged at the 0.001240 level, reinforcing breakout validity.
At 12:00 ET on 2025-12-22, Contentos/Tether (COSUSDT) opened at 0.001224, hit a high of 0.001275, and closed at 0.001271, with a low of 0.001211 during the 24-hour period. Total volume was 78,352,706.8 units, and turnover reached approximately $97,185 (based on notional value).
Structure & Formations
Price action on the 5-minute chart revealed a key breakout above the 0.001240 psychological level after a period of tight consolidation. A bullish engulfing pattern formed at this level on the 2025-12-22 03:30 candle, confirming a reversal from bearish to bullish sentiment. Notable resistance emerged around 0.001270–0.001275, while support held near 0.001260. A doji appeared on the 08:45 candle, indicating indecision after the sharp rally.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages (MA) remained bullish, with the price above both. Daily MAs (50, 100, 200) were not immediately accessible from the dataset, but the current rally suggests a retest of the 200-day MA is likely in the near term.

Volatility and Bollinger Bands
Bollinger Bands expanded significantly following the breakout, with the price spending most of the session above the upper band after 05:00 ET. This volatility expansion is a bullish sign, indicating strong conviction from buyers. The period before the breakout was marked by contraction, suggesting a buildup of potential energy that was released in the morning hours.
Volume and Turnover Analysis
Volume spiked sharply during the morning session, particularly between 07:00 and 08:00 ET, where cumulative volume exceeded 10 million units. This coincided with a notional turnover of over $14,000, confirming the breakout with robust participation. No major divergences were observed between volume and price, which reinforces the strength of the move.
Fibonacci Retracements
Applying Fibonacci to the key swing from 0.001211 to 0.001275, the 61.8% retracement level lies around 0.001246, which the price has already tested and held above. The 38.2% level is near 0.001242, indicating that any near-term pullback is likely to find support in this range before testing the 0.001270–0.001275 resistance again.
It appears that the bulls are in control, and if current momentum continues, a retest of the 0.001300 level could be within range. However, traders should remain cautious as RSI suggests overbought conditions may invite a short-term pullback.
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