Summary
• Price fluctuated between $0.00001049 and $0.00001068 with key levels showing bearish pressure.
• Momentum shifted midday as RSI approached oversold territory, followed by a rebound.
• Volatility expanded in the afternoon with a sharp volume spike confirming the move.
The 24-hour session for eCash/Tether (XECUSDT) opened at $0.00001058 on 2025-12-29 at 12:00 ET and closed at $0.00001062 on 2025-12-30 at 12:00 ET, reaching a high of $0.00001068 and a low of $0.00001049. Total traded volume was 8.08 billion XEC, with a notional turnover of approximately $859.6 million.
Structure & Formations
Price action displayed a bearish consolidation phase early in the session before a midday rally, forming a bullish harami pattern near $0.00001052. A key support level was retested at $0.00001049, with a potential resistance forming around $0.00001063. A doji formed around 22:15 ET near the 50-period moving average, hinting at indecision among traders.
Moving Averages and Momentum
On the 5-minute chart, the 20-period moving average crossed above the 50-period line in the late afternoon, signaling a potential short-term bullish trend. The daily chart showed the price above the 50- and 100-period moving averages, indicating a medium-term bullish bias. RSI moved into oversold territory during the afternoon before rebounding, while MACD showed a bullish crossover late in the session.
Volatility and Bollinger Bands
Bollinger Bands expanded in the early evening as price moved toward the upper band, suggesting increasing volatility. Price settled within the bands during the closing hours, indicating a potential return to consolidation.
Volume and Turnover
Volume spiked in the afternoon, reaching a peak at 16:30 ET, confirming the bearish pullback toward $0.00001063. Notional turnover followed volume closely, showing no signs of price-volume divergence.
Fibonacci Retracements
The afternoon pullback saw the price retrace to the 61.8% Fibonacci level of the morning’s bullish move, suggesting a possible short-term reversal.
In the next 24 hours, XEC/USDT may test the $0.00001063 resistance level following the recent bullish momentum. Traders should remain cautious of potential overbought RSI readings and possible bearish corrections.
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