Market Overview: FIO Protocol/Tether (FIOUSDT)

Summary
• Price opened at $0.01184, traded between $0.01153–$0.01217, and closed near $0.01190.
• A bullish reversal pattern formed at key support near $0.01190 after early bearish pressure.
• Volatility expanded mid-day, with volume spiking above $500,000 at the 15:45 ET swing.
• RSI briefly entered overbought and oversold levels, signaling potential exhaustion in both directions.
• Price remains above the 20-period MA, suggesting short-term bullish momentum.

FIO Protocol/Tether (FIOUSDT) opened at $0.01184 on 2025-12-11 12:00 ET, reached a high of $0.01217, touched a low of $0.01153, and closed at $0.01190 at 2025-12-12 12:00 ET. Total volume was 11,225,423.0, while notional turnover was $134,642.55.

Structure & Formations

Price action formed a bullish reversal pattern near $0.01190, marked by a strong volume spike and a long lower shadow at 15:45 ET. This level appears to act as a key support, with a descending triangle formation visible from 16:45 to 17:00 ET. . A bearish engulfing pattern emerged near the session high, suggesting possible near-term profit-taking.

Moving Averages and Momentum

On the 5-minute chart, price remains above the 20-period MA, indicating short-term bullish bias. The 50-period MA is trending downward, suggesting possible internal divergence. The RSI oscillated between overbought (>70) and oversold (<30) levels, highlighting exhaustion in both directions. MACD crossed into positive territory mid-session but lost strength in the final hour.

Volatility and Bollinger Bands

Volatility expanded sharply after 15:00 ET as the 20-period Bollinger Band width widened. Price traded near the lower band for most of the session but rebounded forcefully after 15:45 ET. The most recent close at $0.01190 sits near the middle band, suggesting consolidation after a volatile correction.

Volume and Turnover Analysis

Volume spiked above $500,000 at the 15:45 ET swing, aligning with the strong price rebound from $0.01153. Turnover also saw a surge during this period, confirming the move. However, volume declined in the final hour despite a modest rally, signaling potential fading momentum.

Fibonacci Retracements

A 38.2% Fibonacci retracement from the 15:45 ET low to the prior high of $0.01217 is currently near $0.01195, a level where price has shown resistance. A 61.8% retracement is at $0.01205, where a bearish rejection occurred earlier in the session.

Looking ahead, price may test the $0.01190 support level again with increased volume to confirm its strength. However, overbought RSI and fading volume in the final hour suggest caution, with a possible pullback in the next 24 hours. Investors should watch for a break below $0.01185 or above $0.01205 for directional clarity.