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Summary
• Price swung between 0.0841 and 0.0870, with bearish momentum after 0.0869.
• Volume spiked at 0.0869 but price failed to hold above, indicating rejection.
• RSI overbought above 70, followed by pullback, suggesting exhaustion.
• Bollinger Bands widened during peak volatility, with current price near the midline.
• A bullish engulfing pattern emerged at 0.0841-0.0842, hinting at possible short-term support.
Dymension/Tether (DYMUSDT) opened at 0.0857 on 2025-12-06 12:00 ET and traded between 0.0841 and 0.0870 before closing at 0.0842 on 2025-12-07 12:00 ET. Total volume for the 24-hour period was 5,178,684.9, and turnover was 435.29 BTC equivalents.
Structure & Formations
The price formed a bearish rejection pattern near 0.0869, where volume surged but price quickly retraced. Key support levels were identified around 0.0841–0.0845, marked by a bullish engulfing pattern. Resistance appears consolidated at 0.0857–0.0860, with a failed breakout above 0.0869 indicating bearish sentiment. On the Fibonacci scale, 0.0842 aligns with a 61.8% retracement of the earlier upswing, which could act as a pivot point.
Moving Averages
On the 5-minute chart, the price crossed below the 20 and 50-period moving averages, confirming bearish bias. Daily moving averages (50, 100, 200) suggest a flat to slightly bearish trend, with no clear directional bias emerging in the last 24 hours.
Momentum & Volatility
The RSI hit overbought levels above 70 at 0.0869 before a sharp decline, signaling momentum exhaustion. MACD showed a bearish crossover, with the histogram flattening, suggesting neutral to bearish momentum. Bollinger Bands expanded during the peak volatility phase, with the price currently consolidating near the midline.
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Volume & Turnover
Volume peaked at 272,704.4 during the 0.0869 spike, but price failed to confirm this with a sustained breakout. Turnover followed volume closely, with divergence visible during the final hours, as price continued down while volume waned. This may suggest a possible short-term reversal or consolidation.
Outlook
Price may test 0.0841–0.0845 for support in the next 24 hours, with a potential bounce if the bullish engulfing pattern holds. A break below this could accelerate to 0.0830–0.0835. Investors should watch for a retest of the 0.0857–0.0860 zone, where prior rejections occurred, as a potential trigger for renewed bearish action.
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