Market Overview for FIO Protocol/Tether (FIOUSDT)

Summary
• FIOUSDT formed bullish engulfing and inside bars between 0.01102 and 0.01111.
• Price broke above 0.0114, showing momentum with RSI above 50 for most of the day.
• Volatility expanded significantly after 21:15 ET as price surged to 0.01175.
• Turnover spiked to $17.04M at the 0.01175 peak, confirming strength.
• Bollinger Bands widened during late ET, indicating heightened volatility.

FIO Protocol/Tether (FIOUSDT) opened at 0.01103 on 2025-12-17 12:00 ET, reached a high of 0.01218, a low of 0.01105, and closed at 0.01199 by 12:00 ET on 2025-12-18. Total volume amounted to 92.2 million units, with a notional turnover of approximately $11.02M.

Structure & Formations

The 5-minute chart showed several key bullish signals. A bullish engulfing pattern formed around 0.01102–0.01111 in early ET hours, followed by a strong inside bar at 0.01106. Later, a strong upward thrust from 0.01105 to 0.01175 suggested strong accumulation. The price held above 0.0114 for most of the session, indicating potential resistance levels at 0.0115 and 0.01175.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart were in ascending alignment after 21:15 ET, supporting a bullish trend. The RSI remained above 50 for most of the session, peaking at 76 near the top at 0.01175, suggesting overbought conditions. MACD remained positive for much of the session, reinforcing bullish momentum.

Volatility and Bollinger Bands

Volatility expanded significantly after 21:15 ET as the price surged above 0.0114. Bollinger Bands widened during this period, reflecting increased market participation. Price action remained above the upper band for a brief window, indicating strong upward pressure.

Volume and Turnover

Volume and turnover were closely aligned throughout the session. The largest notional turnover occurred at 21:15 ET, with $17.04M in turnover as the price hit 0.01175. No significant divergence between price and volume was observed, suggesting strong conviction behind the move.

Fibonacci Retracements

Fibonacci retracements from the 0.01105 to 0.01175 move showed the price encountering key resistance at 0.0114 (61.8%), which it successfully cleared. The 0.0116–0.01175 range marked potential consolidation ahead.

FIO may continue testing the 0.0118–0.0120 range in the next 24 hours, with potential for a pullback to test the 0.0114 level. Investors should remain cautious of volatility and consider hedging strategies in case of sharp retracements.