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Summary
• Price tested resistance around 0.505–0.508 and retracted, with volume surging during the 19:00–21:30 ET rally.
• A bearish engulfing pattern emerged at 0.505–0.485 around 07:45–08:00 ET, signaling potential short-term weakness.
• Volatility expanded after 07:45 ET, with RSI entering oversold territory near 0.481–0.483, hinting at possible near-term bounce.
• Bollinger Bands widened significantly during the 0.452–0.506 swing, indicating a high-volatility phase.
• Turnover spiked during the large 0.505–0.485 candle, with volume exceeding 739,302 units, suggesting strong participation.
Dego Finance/Tether (DEGOUSDT) opened at 0.498 on 2025-12-11 at 12:00 ET, peaked at 0.508, and hit a low of 0.452 before closing at 0.485 on 2025-12-12 at 12:00 ET. Total 24-hour volume reached 739,302 units, with a notional turnover of approximately $366,700.
Structure & Moving Averages
Price action shows a key consolidation area forming between 0.482 and 0.505 on the 5-minute chart. A 20-period moving average hovered near 0.502–0.504 during the earlier part of the session before declining, while the 50-period line fell below 0.501, suggesting bearish momentum.

Momentum Indicators
MACD turned negative after 07:45 ET, with bearish divergence evident as price attempted a small recovery while the indicator remained in negative territory. RSI reached oversold levels below 30 around 0.481–0.483 and may support a rebound. However, the indicator remains bearish overall, pointing to a possible test of 0.475–0.480 in the near term.
Bollinger Bands
Volatility expanded significantly following the 0.505–0.485 move between 07:45–08:15 ET. Price traded below the lower band after 08:00 ET, suggesting a possible reversal if volume increases on a rebound attempt. The widened band also reflects strong market participation and uncertainty.
Volume and Turnover
Volume surged during the 19:00–21:30 ET rally and again at 07:45–08:15 ET, confirming major price movements. A large bearish candle with 739,302 units of volume marked the 0.505–0.485 drop, indicating strong selling pressure. Notional turnover confirmed volume spikes, showing no divergence between price and turnover.
Fibonacci Retracements
Recent 5-minute swings (0.452–0.506) show a key 61.8% retracement level at 0.491 and a 38.2% level at 0.475. Price appears to be testing the 0.481–0.485 area, which may act as near-term support ahead of the 0.475 level. A break below 0.481 could target 0.475–0.470.
The market appears to be consolidating in a wide range between 0.452 and 0.508, with bearish momentum likely to continue in the near term. Investors should watch for a potential rebound from the 0.475–0.480 area but remain cautious, as the risk of a further pullback into 0.465–0.470 remains high.
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