Summary
• Price traded within a tight 0.9993–0.9996 range, showing consolidation.
• A bullish engulfing pattern formed near 0.9993, suggesting potential rebound.
• RSI remained neutral at 52, indicating balanced momentum with no clear bias.
• Bollinger Bands contracted during consolidation, hinting at a possible breakout.
• Volume spiked in the final 2 hours, confirming a potential shift in near-term sentiment.
First Digital USD/Tether (FDUSDUSDT) opened at 0.9995 on 2025-12-20 12:00 ET, reached a high of 0.9997 and a low of 0.9993, and closed at 0.9996 on 2025-12-21 12:00 ET. The pair saw a total volume of approximately 36.1 million units and a turnover of around 36.1 million USD.
Structure & Formations
Price action remained confined between 0.9993 and 0.9996 throughout the 24-hour period, with a bullish engulfing pattern emerging near the lower bound in the early hours of 2025-12-21. This pattern may suggest a near-term rebound, especially with the RSI hovering around 52 and not showing signs of overbought or oversold conditions.
Volatility and Momentum
Bollinger Bands showed a noticeable contraction during the consolidation phase, with prices staying within the inner 1 standard deviation range for most of the period.
The 20-period and 50-period moving averages on the 5-minute chart were closely aligned, reinforcing the sideways bias.
Volume and Turnover
Volume remained relatively low during the initial consolidation phase but spiked significantly in the last two hours of the 24-hour period, reaching a peak volume of 4.9 million units in one 15-minute interval. This increase in volume coincided with a price rebound near 0.9996 and appears to confirm renewed short-term bullish interest.
Outlook
The market could test the upper resistance at 0.9997 in the next 24 hours, especially if the bullish momentum from the engulfing pattern and recent volume surge continues. However, the low volatility and tight range suggest caution; traders should monitor for a break of 0.9996 as a potential trigger for further upside. A retest of the 0.9993 level could present a counter-risk if sentiment shifts again.
Comments
No comments yet