Market Overview for Dogwifhat/Tether on 2025-12-29

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 7:22 pm ET2min read
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Aime RobotAime Summary

- WIFUSDT pair fell nearly 10% after 12:00 ET on 2025-12-29, with volume surging 3.8M units in 15 minutes.

- Bollinger Bands widened and RSI hit oversold levels, confirming bearish momentum despite potential short-term bounce signals.

- Fibonacci analysis showed price breaking 61.8% support at 0.304, now testing 78.6% level at 0.296 with further downside risks below 0.29.

- MACD remained bearish while long lower shadows suggested weak stabilization attempts, reinforcing distribution pressure and lack of buyer support.

Summary
• Price action shows strong bearish pressure late into the session with a near 10% drop after 12:00 ET.
• Volume spiked sharply during the selloff, confirming downward momentum and lack of buying interest.
• Bollinger Bands widened dramatically, indicating heightened volatility and a possible continuation of the trend.
• RSI dipped into oversold territory, suggesting potential short-term reversal or exhaustion in the downward move.
• No clear bullish candlestick patterns emerged; bearish engulfing and long shadows reinforced the sell bias.

Market Overview

At 12:00 ET on 2025-12-29, the dogwifhat/Tether pair (ticker: WIFUSDT) opened at 0.313, reached a high of 0.324, and hit a low of 0.287 before closing at 0.29. Over the 24-hour period, total volume amounted to 38,532,738.84 units, with a notional turnover of 11,653,087.27 USDT.

Price Action and Structure

The price action was largely defined by a sharp bearish shift after 12:00 ET, with a notable bearish engulfing pattern forming as the price plummeted from 0.31 to 0.296 within 15 minutes. Key support levels appeared at the 0.30 and 0.296 levels, while resistance was evident around 0.313 and 0.318. A long lower shadow developed in the final hour, hinting at some stabilization or potential short-covering, but the overall sentiment remained bearish.

Volatility and Bollinger Bands

Volatility spiked significantly as the price dropped sharply, with Bollinger Bands expanding widely. The price spent most of the session trading near the lower band, especially during the final hours, indicating a strong bearish bias. This expansion suggests the market may be entering a phase of consolidation or a continuation of the downward trend.

Momentum and Oscillators

The RSI dipped below 30, suggesting the price may be entering oversold territory, which could be a potential trigger for short-term bounces. However, the MACD remained bearish throughout the session, with the histogram shrinking slightly in the final hours, indicating some weakening in the short-term bearish momentum.

Volume and Turnover

Volume surged during the major price drop, particularly after 12:00 ET, with over 3.8 million units traded in a single 15-minute interval. Turnover also spiked sharply, reaching 11.7 million USDT in the same period, aligning with the bearish price movement. This confirms strong distribution and a lack of immediate support from buyers.

Fibonacci Retracements

Applying Fibonacci retracements to the key 0.324 to 0.287 swing, the price found initial support at the 61.8% level near 0.304 before breaking it and settling around the 78.6% level at 0.296. This suggests the current bearish trend could continue toward the 0.287 level or the 88.6% retracement if buyers fail to step in.

The market appears to be in a clear bearish phase, with strong downward pressure confirmed by volume and price action. While the RSI indicates some oversold conditions, it is not yet a strong buy signal. Investors should remain cautious, as the next 24 hours may see continued bearish momentum or a potential short-term rebound. A break below 0.29 could signal further downside risk.