Market Overview: First Digital USD (FDUSDTRY) 24-Hour Review

• First Digital USD traded in a narrow 40.91–40.97 range, failing to break above 40.97 or below 40.93.
• A bearish engulfing pattern formed near 40.93–40.94, signaling potential short-term pressure.
• RSI showed oversold conditions briefly near 40.91, but momentum failed to confirm a rebound.
• Bollinger Bands tightened before 06:00 ET, with price testing the lower band in the final hours.
• Notional turnover surged past $58M at 15:30 ET, confirming the 40.96–40.97 consolidation zone.

First Digital USD (FDUSDTRY) opened at 40.97 on 2025-08-26 12:00 ET, touched a high of 40.97 and a low of 40.91, and closed at 40.93 on 2025-08-27 12:00 ET. Total volume reached 646,911 units, while notional turnover exceeded $26.5M across the 24-hour window.

Structure & Formations

Price action on the 15-minute chart remained confined between 40.93 and 40.97, with two key consolidation areas emerging: one at 40.95–40.96 and another at 40.92–40.93. A bearish engulfing pattern formed around 03:45 ET (40.94–40.95) and again at 10:45 ET (40.92–40.93), suggesting sellers gained control after multiple failed attempts to push above 40.96. A doji near 05:45 ET (40.93–40.94) signaled indecision, while a bearish harami at 11:45 ET (40.92–40.93) reinforced weak momentum.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both trended slightly downward, aligning with a bearish bias. Price oscillated around these moving averages without a clear breakout. On the daily chart, the 50-period MA sits slightly above the 200-period MA, suggesting a neutral-to-bullish bias on longer timeframes.

MACD & RSI

The MACD histogram flattened around 05:00–06:00 ET, indicating a lack of directional momentum, while the RSI dipped into oversold territory near 40.91 but failed to trigger a strong rebound. This divergence suggests a lack of conviction in buying pressure. Momentum appeared to re-enter neutral territory by midday, with MACD lines converging and RSI stabilizing around 45–50.

Bollinger Bands

Bollinger Bands contracted tightly between 05:00–07:00 ET before expanding again as volatility increased. Price tested the lower band at 40.91–40.92 during the 07:30–08:00 ET window and again at 11:15 ET, failing to break through and suggesting temporary floor support.

Volume & Turnover

Volume spiked to 171,740 units at 03:45 ET and again at 15:30 ET, coinciding with a 40.96–40.97 rally. Turnover mirrored this, with over $58M in notional value changing hands between 10:45–15:45 ET. A divergence between volume and price occurred after 12:00 ET, as volume dipped despite price action hovering near key levels, signaling potential exhaustion.

Fibonacci Retracements

A 61.8% Fibonacci retracement level at 40.92 acted as a temporary floor, with price failing to retest 40.93 for confirmation. On the daily chart, the 50% retracement level aligns with 40.95–40.96, which became a key resistance cluster. Price did not reach the 78.6% level, suggesting the broader range remains intact.

Price may test 40.93–40.94 as a potential floor over the next 24 hours, but a sustained break below 40.91 could signal a deeper pullback. Traders should watch for a rejection above 40.96 and divergence in RSI as key momentum indicators. As always, be prepared for sudden volatility shifts in this illiquid cross.