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Summary
• Price fluctuated within a narrow range, with 0.000222–0.000226 as key levels.
• Volume surged after 19:00 ET, but price closed near lows, suggesting bearish exhaustion.
• RSI and MACD showed divergent momentum, hinting at potential reversal signals.
• Volatility spiked post-19:00 ET, with price testing upper Bollinger Bands several times.
• Fibonacci retracements highlighted 0.000224 and 0.000222 as potential turning points.
Dent/Tether (DENTUSDT) opened at 0.000225 on December 16, 12:00 ET, reached a high of 0.000226, a low of 0.00022, and closed at 0.000224 on December 17, 12:00 ET. Total 24-hour volume was approximately 177,516,836.0, with turnover estimated at around $40.06M (0.000224 average price).
The 24-hour candlestick chart displayed a choppy price action with no clear directional bias. A key resistance appears to have formed around 0.000226, where the price tested the level multiple times without breaking through. A notable bearish divergence emerged after 21:30 ET when RSI declined despite a rally in price, suggesting weakening bullish momentum. A bearish engulfing pattern formed at 18:15 ET, confirming a downward shift in sentiment. A doji at 22:45 ET may signal indecision and a potential reversal point.
The 20- and 50-period moving averages on the 5-minute chart remained relatively flat, indicating a lack of strong directional bias.

Volatility expanded significantly after 19:00 ET as the price tested the upper and lower Bollinger Bands multiple times. A contraction in bandwidth occurred earlier in the session, suggesting a potential breakout or reversal setup. The price spent most of the time between the 20-period MA and the upper band, indicating a relatively bullish bias early on.
Volume surged after 19:00 ET, particularly during the 21:00–22:00 ET period, when turnover spiked due to a rally from 0.000222 to 0.000226. Despite high volume, the price failed to close above key resistance levels, indicating potential exhaustion in the bullish side. A bearish divergence emerged around 23:15 ET when volume increased but the price declined, suggesting weakening demand.
Applying Fibonacci levels to the major 5-minute swing from 0.000226 to 0.000222, the 61.8% level at 0.000223 acted as a strong support. The price spent much of the session consolidating around this area, suggesting it could serve as a pivot point for near-term direction. The 38.2% retracement at 0.000225 also showed resistance multiple times, indicating strong supply at this level.
The price appears to be consolidating around key support and resistance levels, with no clear breakout yet. Over the next 24 hours, traders may want to watch for a decisive move above 0.000226 or below 0.000222, which could signal a shift in trend. A word of caution is warranted, as the market could remain range-bound without a catalyst.
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