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Summary
• Price tested key support at 0.01212 before rebounding with a bullish engulfing pattern.
• Volatility surged after 18:30 ET, with volume spiking above 800k on the 5-minute chart.
• RSI entered oversold territory briefly, but failed to spark a meaningful rebound.
• Bollinger Bands widened significantly, indicating expanding uncertainty in price direction.
• Fibonacci retracement levels suggest 0.01204 as short-term support and 0.01219 as resistance.
FIO Protocol/Tether (FIOUSDT) opened at 0.01215 on 2025-12-28 12:00 ET, reached a high of 0.01235, touched a low of 0.01187, and closed at 0.0119 at 2025-12-29 12:00 ET. Total volume was 10,495,640.0, with a notional turnover of 125.3432724.
Structure & Formations
Key support at 0.01212 held briefly but was later broken during a large bearish candle at 09:45 ET, which closed at 0.01209. A bullish engulfing pattern emerged near 0.01203, suggesting potential short-term buying interest.

Moving Averages
On the 5-minute chart, price moved below both the 20- and 50-period moving averages in the final hours of the period, signaling a short-term bearish bias. No daily-period moving averages were explicitly calculated here, but the closing price suggests a possible retest of the 200-day average in the near term.
MACD & RSI
MACD showed bearish divergence, with the histogram narrowing through the afternoon before surging negative at 9:45 ET. RSI hit oversold levels at 0.01204, but failed to trigger a significant bounce, indicating potential exhaustion in both bullish and bearish momentum.
Bollinger Bands
Bollinger Bands widened significantly after the breakdown at 0.01209, reflecting heightened volatility. Price moved from the upper band to the lower band during the session, suggesting a volatile but largely contained price range.
Volume & Turnover
Volume spiked to 801,735 at 18:30 ET and again to 561,300 at 02:15 ET, coinciding with key price moves. Turnover mirrored volume closely, with no major divergence observed. However, the large bearish candle at 09:45 ET was accompanied by 559,768 in volume, confirming the bearish bias.
Fibonacci Retracements
On the 5-minute chart, the 61.8% retracement level at 0.01204 acted as a temporary support. A larger daily swing from 0.01235 to 0.01187 places the 38.2% retracement at 0.01222 and 61.8% at 0.01204—both key levels to watch in the next 24 hours.
Forward-Looking Insight
Price appears to be consolidating within a descending range, with a probable retest of support at 0.01204 in the near term. Traders may watch for a potential break below this level, though volume has not yet signaled a strong bearish commitment. Investors should remain cautious of a short-term bounce on RSI divergence but brace for further downside if 0.01203 is breached.
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