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Summary
• Price tested key support near 0.01175 before rebounding with bullish 5-minute engulfing patterns.
• Volatility expanded significantly during the 22:00–02:00 ET window, with volume spiking 4.6x average.
• Momentum diverged in late ET hours as RSI softened while price continued higher, suggesting potential topping.
• Bollinger Bands saw a narrow contraction pre-ET session, followed by a sharp expansion and overbought conditions.
• Fibonacci 61.8% level at 0.01205 appears to act as dynamic resistance into the close.
FIO Protocol/Tether (FIOUSDT) opened at 0.01182 on 2025-12-07 12:00 ET, reaching a high of 0.01232 and a low of 0.01164 before closing at 0.01217 on 2025-12-08 12:00 ET. Total 24-hour volume was 17,906,520.0 with a notional turnover of ~$226,737.

Fibonacci retracements from the 0.01164 to 0.01232 swing showed a key 61.8% level at 0.01205, which was repeatedly tested before the close. This area appears likely to dictate near-term direction, with a break above 0.01219 indicating further bullish potential.
Looking ahead, price appears to be consolidating after reaching overbought territory, with potential for a short-term correction toward 0.01205–0.01201 support. Investors should remain cautious for a reversal if 0.01215 fails to hold, particularly with weakening momentum.
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