Summary
• Price declined from 0.01277 to 0.01191 over 24 hours with key resistance near 0.0127 and support near 0.0118.
• Momentum weakened through RSI and MACD divergence, suggesting possible oversold conditions.
• Volatility expanded mid-day before narrowing, with volume spiking during the early dip.
• A bearish engulfing pattern formed at 0.0127, aligning with a 61.8% Fibonacci level.
• Turnover increased during the sell-off, but diverged from price during the recovery phase.
FIO Protocol/Tether (FIOUSDT) opened at 0.01261 on 2025-12-10 at 12:00 ET, reaching a high of 0.01278 and a low of 0.01164, closing at 0.01191 on 2025-12-11 at 12:00 ET. Total 24-hour volume was 114,872,060.0, with a notional turnover of approximately 1,423,159 USD.
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Structure & Formations
The price action displayed a bearish bias throughout the 24-hour period, particularly in the early hours of 2025-12-10, where a
bias. This coincided with a 61.8% Fibonacci retracement level from a prior upswing. Support levels emerged at 0.0123 and 0.0118, where price found temporary stability. A shallow doji appeared at 0.01185 around midday, indicating indecision and a potential pause in the bearish momentum.
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Volatility & Indicators
Bollinger Bands widened during the midday sell-off, showing increased volatility, before narrowing in the final hours of the period, hinting at a potential consolidation phase. The RSI dipped below 30 late in the session, indicating potential oversold conditions. The MACD showed a bearish crossover followed by a flattening, suggesting momentum may be stalling.
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Volume & Turnover
Volume surged during the initial sell-off, with the candle at 18:15 ET showing the highest volume at 11,487,206.0 and a high of 0.0127, followed by a sharp drop to 0.01248. This was the largest single-candle move, with significant notional turnover. However, in the recovery phase, turnover weakened despite some price rebound, suggesting limited conviction in the buying pressure.
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Forward-Looking Considerations
Price may test key support at 0.0118 in the next 24 hours, where a reversal could signal a short-term bottom. However, a break below this level could accelerate the decline toward 0.0115. Investors should remain cautious of potential follow-through selling and watch for confirmation from the RSI and MACD to assess the strength of any bounce. **
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