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Summary
• DASHUSDT declined from 41.80 to 39.71 before rebounding to close at 42.12, forming a bullish reversal.
• Momentum accelerated in the final 5 hours, with RSI rising above 50 and volume spiking.
• A 61.8% Fibonacci level at 42.10 appears to have capped the rebound.
• Volatility expanded as Bollinger Bands widened during the rally.
• A large-volume bullish engulfing pattern formed near 41.80 after early selling pressure.
At 12:00 ET on 2025-12-16, Dash/Tether (DASHUSDT) opened at 41.67, hit a low of 39.71, and closed at 42.12. Total volume was 137,908.93, and turnover reached approximately $5,614,357.
Structure & Key Levels
The price action formed a distinct bearish impulse early in the day, breaking below a psychological level of 41.00. A strong bullish reversal emerged from the 39.71 low, with a large bullish engulfing pattern at 41.80 confirming renewed buying interest. A 61.8% Fibonacci retracement at 42.10 appears to have acted as a near-term ceiling.
Momentum & Indicators
RSI dropped into oversold territory below 30 during the 24-hour session but surged back above 50 near the close, suggesting increasing conviction in the bullish move. MACD crossed into positive territory during the last 5 hours, indicating strengthening upward momentum.
Volatility and Bollinger Bands
Volatility expanded significantly during the final 6 hours, with Bollinger Bands widening as DASHUSDT rebounded from the 39.71 low. Price closed near the upper band at 42.12, suggesting a potential overextension.
Volume and Turnover
Volume surged in the final 6 hours of the session, particularly during the bullish rebound, with a notable spike in notional turnover at the 41.80 level. Volume and price action aligned, reinforcing the strength of the reversal.
In the next 24 hours, DASHUSDT may test the 42.50 level with potential pullbacks toward the 41.80-41.38 consolidation range. Investors should remain cautious of a potential overbought condition and keep an eye on divergence in momentum indicators.
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