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Summary
• XEC/USDT broke above key 5-minute resistance but failed to hold, forming a bearish harami pattern.
• Momentum shifted midday, with RSI hitting overbought levels before a sharp decline.
• Volatility expanded during the 9:00–10:30 ET selloff, with large volume spikes below 1.18e-05.
• Bollinger Bands showed a tight pre-market contraction followed by a sharp expansion.
• Fibonacci levels at 1.178e-05 and 1.194e-05 acted as dynamic support and resistance.
At 12:00 ET on 2025-12-07, eCash/Tether (XECUSDT) opened at 1.19e-05, traded between 1.182e-05 and 1.204e-05, and closed at 1.163e-05. Total volume was 11.79 billion
, with notional turnover at $141.6 million.Structure & Key Levels
XEC/USDT tested key resistance at 1.20e-05 during the late afternoon, but a bearish harami pattern formed around 1.197e-05–1.198e-05. Price then declined sharply, finding support at 1.18e-05 and retesting it multiple times. A potential short-term support zone appears at 1.178e-05, and resistance at 1.194e-05 may reassert as a near-term ceiling.
Moving Averages and Momentum
On the 5-minute chart, the 20SMA crossed above the 50SMA, indicating short-term bullish momentum that reversed after 18:00 ET. RSI moved from overbought (70) at 9:00 ET to oversold (30) by 14:30 ET, suggesting exhausting selling pressure and a potential bounce. The MACD histogram turned negative after peaking at 0.0000000012, signaling weakening bullish momentum.
Volatility and Bollinger Bands
A pre-market consolidation saw Bollinger Bands narrow, followed by a sharp expansion at 09:00 ET. Price traded above the upper band briefly before falling below the 2σ lower band in early afternoon, indicating high volatility.

Volume and Turnover
Volume spiked to a high of 10.75 billion XEC at 09:00 ET during the sharp upmove, while turnover peaked at $135 million. The subsequent selloff from 1.204e-05 to 1.163e-05 saw volume remain elevated, but turnover dropped, suggesting profit-taking and a weakening bearish conviction.
Fibonacci Levels and Projections
A 61.8% Fibonacci retracement of the 1.182e-05 to 1.204e-05 move sits at 1.194e-05, where price stalled multiple times. A 38.2% retracement at 1.19e-05 acted as a minor resistance, with further support expected at 1.178e-05 and 1.164e-05 as 50% and 61.8% levels respectively.
Price may test 1.178e-05 for confirmation of a deeper pullback, but a rebound above 1.194e-05 could rekindle bullish momentum. Traders should remain cautious as high volatility and mixed momentum indicators suggest a period of uncertainty in the next 24 hours.
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