Summary
•
traded in a tight range until 20:00 ET, then dipped sharply before stabilizing in the final 6 hours.
• A key support level held at ~$0.00001005–$0.00001010, followed by a late push toward $0.00001045.
• Volume and turnover spiked during the 19:45–20:00 ET downturn, with divergent price action suggesting potential bearish pressure.
• RSI showed bearish divergence in the 20:00–22:00 ET window, while MACD remained neutral-to-bullish during the final 5 hours.
• A bullish reversal pattern formed near $0.00001035–$0.00001045, hinting at possible retesting of key resistance levels.
24-Hour Price and Volume Performance
eCash/Tether (XECUSDT) opened at $0.00001041 on 2025-12-18 at 12:00 ET and reached a high of $0.00001050 before closing at $0.00001036 on 2025-12-19 at 12:00 ET. The lowest intraday price was $0.00000987. Total 24-hour volume amounted to ~3.997 billion XEC, with a notional turnover of approximately $420.6 million.
Price Action and Structure
The session featured a bearish breakdown from the morning highs of $0.00001045–$0.00001050, with a sharp decline from $0.00001025 to $0.00000988 between 20:00 and 20:45 ET. A key support area between $0.00001005–$0.00001010 showed resilience, limiting further downside.
A bullish reversal pattern formed near $0.00001035–$0.00001045 in the final hours, suggesting the pair may attempt to retest the $0.00001045 level in the near term.
Momentum and Volatility
RSI signaled bearish divergence during the 20:00–22:00 ET sell-off, peaking at 30–32, indicating overbought conditions had reversed. MACD remained mostly neutral, but turned bullish in the final 5 hours, suggesting short-term buying interest. Bollinger Bands showed moderate expansion during the selloff, with price briefly breaching the lower band before retracting.
Volume and Turnover Analysis
Volume surged during the 19:45–20:00 ET window (1.06 billion XEC), coinciding with a sharp decline to $0.00000988. Turnover during this period reached ~$10.8 million, indicating significant selling pressure. However, volume and turnover dropped off sharply in the following hour, suggesting a potential exhaustion of bearish momentum.
Forward-Looking Implications
The recent bullish reversal near $0.00001035–$0.00001045 may encourage short-to-medium-term buyers to test the upper side of the $0.00001030–$0.00001050 range. Traders should monitor whether volume confirms a sustained move above $0.00001045 or if bears reassert control near $0.00001010. The next 24 hours could see a directional breakout, but caution is advised due to the recent volatility and potential for a consolidation phase.
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