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Summary
• Price remained tightly range-bound around 0.9980, with 0.9978–0.9981 acting as key support/resistance.
• Volume gradually increased into the late morning, with no clear divergence from price.
• RSI and MACD showed no overbought or oversold signals, indicating muted momentum.
• Bollinger Bands compressed midday before widening slightly, suggesting rising volatility.
• A potential bullish engulfing pattern formed just before 04:45 ET, but failed to trigger a breakout.
At 12:00 ET-1 on December 8, 2025, First Digital USD/Tether (FDUSDUSDT) opened at 0.9978, reached a high of 0.9982, a low of 0.9977, and closed at 0.9982 by 12:00 ET on December 9. Total volume for the 24-hour window was 118,689,348.0 units, with notional turnover of approximately 118,419,348.0 USD (volume × average price).
Structure & Patterns
The pair spent most of the session in a narrow range between 0.9978 and 0.9981, with key support at 0.9978 and resistance at 0.9981. A bullish engulfing pattern formed near 04:45 ET as the price moved from 0.998 to 0.9982, but failed to follow through with a breakout. Several doji and spinning top patterns appeared in the early morning, suggesting indecision among traders.
Momentum and Volatility
RSI and MACD remained in neutral territory throughout the 24-hour period, with no overbought or oversold readings. Volatility remained subdued until midday, when Bollinger Bands began to widen. This suggests the market may be building toward a breakout or reversal, though it has yet to confirm in a sustained way.
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Volume and Turnover
Volume showed a steady increase from late afternoon to early morning, peaking near 4.9 million units. Notional turnover aligned well with price action, with no clear divergence observed. The largest volume spike occurred at 04:45 ET, coinciding with the bullish engulfing pattern.
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Volatility and Fibonacci Levels
The 5-minute chart showed several Fibonacci retracement levels within the 0.9977 to 0.9982 range. The 61.8% retracement at 0.9980 served as a key magnet for price, with the 38.2% at 0.9979 also seeing frequent action. No major Fibonacci levels from daily swings were tested during the 24-hour window.
Looking ahead, a sustained break above 0.9982 or below 0.9978 could signal a shift in market sentiment. Traders should watch for volume confirmation and divergences in momentum indicators. As always, sudden macro news or stablecoin depeg risks could disrupt even well-defined ranges.
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