Summary
• Price tested key resistance near $3.39 and pulled back to consolidate around $3.36.
• RSI suggests waning momentum, with a potential short-term oversold condition.
• Volume spiked during early AM hours but has since cooled, suggesting fading conviction.
DeXe/Tether (DEXEUSDT) opened at $3.343 on 2025-12-15 at 12:00 ET, reaching a high of $3.404 and a low of $3.319, closing at $3.376 as of 12:00 ET on 2025-12-16. Total volume over the 24-hour period was 61,031.11, with notional turnover amounting to $206,578.
Structure & Formations
The price formed a bearish rejection pattern near $3.39–$3.40, with a series of lower highs and higher lows following. Key support levels appear near $3.36 and $3.34, where the asset has bounced back multiple times. A doji formed early in the morning, signaling indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs show a narrowing convergence, suggesting a potential reversal phase. On the daily timeframe, the 50-period SMA appears to be a psychological support line, with price hovering slightly above it.
MACD & RSI
The MACD showed a bearish crossover and has been trending lower, reinforcing the potential for a pullback. The RSI currently stands at 36, indicating a short-term oversold condition, but has not yet triggered a bullish reversal signal.
Bollinger Bands
Volatility has expanded over the past 48 hours, with the bands widening and the price moving between the mid and lower bands. This suggests a possible return to the mean or a continuation of the downtrend if support levels fail.
Volume & Turnover
Volume surged in the early morning with the $3.39–$3.40 highs, followed by a sharp drop in volume as price corrected. Turnover diverged from the price action, suggesting that traders may be exiting positions ahead of a potential move.
Fibonacci Retracements
Applying Fibonacci levels to the most recent 5-minute swing, the price is currently near the 61.8% retracement level at $3.37, which could act as a temporary support or resistance. The 38.2% level is at $3.39, where the price previously stalled.
Looking ahead, the asset may test the 61.8% retracement level or pull back toward $3.34–$3.35 support. Traders should monitor volume and RSI for signs of a reversal. As always, a sharp drop in volume or a break below $3.34 could trigger a more pronounced sell-off.
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