Market Overview for First Digital USD/Tether (FDUSDUSDT)

Summary
• Price hovered tightly between 0.9985 and 0.9991 throughout the day, showing range-bound consolidation.
• A bullish breakout attempt near 0.9990 was met with immediate bearish pressure in late trading.
• Volume surged during the late-ET hours but failed to confirm a directional move.
• RSI showed mild overbought conditions mid-day, followed by a return to neutral territory.
• No strong reversal or continuation candlestick patterns were observed during key swing points.

First Digital USD/Tether (FDUSDUSDT) opened at 0.9985 on 2025-12-15 12:00 ET, reaching a high of 0.9991 and a low of 0.9984 before closing at 0.9990 on 2025-12-16 12:00 ET. Total volume for the 24-hour window was 70,666,531.0 with a notional turnover of $69,999.63.

Structure & Formations

Price remained within a narrow range of 0.9985–0.9991 for most of the session, with 0.9987 and 0.9989 acting as key support and resistance levels, respectively. The inability to hold above 0.9990 late in the session suggests potential bearish hesitation ahead of a potential test of this level again.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart closely aligned, indicating a flat trend. Daily moving averages (50/100/200) remained largely irrelevant due to the low volatility and limited directional bias.

MACD & RSI

The MACD remained near zero throughout the session with no clear divergence from price. RSI briefly entered overbought territory (above 65) in mid-day but returned to neutral territory by the close. This suggests a lack of conviction in the bullish attempts.

Bollinger Bands

Price stayed within the Bollinger Band range for the entire session, with minimal volatility expansion. A contraction in band width was observed early in the morning, which preceded the afternoon’s limited upward push.

Volume & Turnover

Volume spiked during the late-ET hours (21:00–23:00 ET) and overnight, yet price remained range-bound, indicating a lack of directional momentum. Notional turnover mirrored the volume pattern, with no divergence from price.

Fibonacci Retracements

Fib levels drawn from the morning low (0.9984) and afternoon high (0.9991) showed 0.618 at 0.9987, a level that acted as a key support zone for several hours. A potential 0.786 extension may be watched as a short-term target on the upside.

Going forward, a breakout above 0.9990 could test the 0.9991–0.9992 range, but without a significant increase in volume, the move may lack sustainability. Investors should also monitor for potential bearish reversal patterns if the price revisits 0.9987 support. As always, the low liquidity and limited price movement suggest caution for the next 24 hours.