Market Overview: dYdX/Tether (DYDXUSDT) 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 5:38 pm ET1min read
DYDX
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Aime RobotAime Summary

- DYDXUSDT fell below 0.1715 support with bearish engulfing pattern, confirming downward momentum.

- RSI hit oversold 28 while Bollinger Bands widened post-18:00 ET, signaling heightened volatility.

- 0.1695 Fibonacci level failed to hold as volume spiked 13% during late-session breakdown to 0.1677.

- 50-day MA at 0.1710 now acts as potential retest level amid transitional bearish phase with exhaustion signs.

Summary
• Price broke down below key support at 0.1715, with a bearish engulfing pattern at 0.171–0.1709.
• RSI entered oversold territory near 28, hinting at potential near-term reversal.
• Volatility expanded in late trading, with volume spiking to 407,912.65 as price fell to 0.1677.
• Bollinger Bands widened post-18:00 ET, indicating increased uncertainty.
• Fibonacci 61.8% level at 0.1695 was briefly tested but failed to hold.

The dYdX/Tether (DYDXUSDT) pair opened at 0.175 on 2025-12-28 at 12:00 ET and closed at 0.1681 on 2025-12-29 at 12:00 ET, with a high of 0.176 and a low of 0.166. Total volume reached 2,906,718.51, while notional turnover amounted to $480,403.25.

Price Structure and Patterns


The price action formed a bearish bias throughout the 24-hour period, with a key support breakdown at 0.1715 confirmed by a bearish engulfing pattern. A notable bear flag consolidation was seen between 0.1737 and 0.1725 before the price accelerated lower. The final breakdown came after a high-volume 5-minute bar on 12-29 at 09:45 ET, where volume spiked to 361,443.65 and the price dropped sharply to 0.1699.

Momentum and Volatility


The RSI hit oversold levels near 28 by the end of the 24-hour window, suggesting a possible near-term reversal. MACD was in negative territory with a bearish crossover, reinforcing the downtrend. Bollinger Bands widened significantly in the afternoon and evening sessions, signaling increased volatility and uncertainty.

Volume and Turnover Analysis


Volume and turnover aligned well with the breakdown, with both peaking during the late New York session as the price moved from 0.1725 to 0.1677. The largest 5-minute bar accounted for over 10% of total volume and 13% of turnover, indicating strong conviction in the downward move. However, no significant divergence was observed between volume and price.

Fibonacci and Retracement Levels


The 61.8% Fibonacci retracement level at 0.1695 was tested but failed to hold, suggesting further downside. On a daily chart, the 50-day moving average acted as a key resistance-turned-support line at 0.1710, now offering a potential retest level if the price consolidates.

The market appears to be in a transitional phase, with bearish momentum intact but signs of possible exhaustion. A retest of the 0.1695–0.1705 range may offer an entry point for cautious longs or a continuation of the downtrend if the 0.166 level is broken. Investors should monitor the 50-period 5-minute MA for possible reversals and be mindful of sharp liquidation risks in a low-depth environment.