Summary
•
rose 2.5% over 24 hours, forming a bullish breakout above prior resistance.
• Volume spiked during late-night accumulation, aligning with price strength.
• RSI and MACD showed positive divergence, suggesting sustained upward momentum.
• Bollinger Bands widened, reflecting increased volatility ahead of key levels.
FIO Protocol/Tether (FIOUSDT) opened at $0.01159 on 2025-12-23 12:00 ET, surged to a high of $0.01213, and closed at $0.012 on 2025-12-24 12:00 ET. Total 24-hour volume was 26,073,441.0 with a turnover of approximately $306,293.
Structure & Formations
Price broke above a prior 5-minute resistance at $0.01186, forming a bullish breakout pattern. A 5-minute engulfing candle at $0.01198–$0.012 confirmed the move higher, with subsequent consolidation above key support at $0.01183. Daily Fibonacci levels suggest a potential continuation toward $0.0123 (61.8% retracement of a recent dip).
Moving Averages and Momentum
The 5-minute 20SMA crossed above the 50SMA mid-day, signaling short-term bullish momentum. RSI reached 62 by the end of the 24-hour window, avoiding overbought territory (70+), while MACD showed a positive divergence and rising histogram, reinforcing the likelihood of continued upside.
Volatility and Bollinger Bands
Bollinger Bands on the 5-minute chart widened significantly after 07:45 ET, reflecting growing volatility. Price traded near the upper band during the final hours, indicating strong buying pressure, and remained above the 20SMA, suggesting a continuation in near-term bullish sentiment.
Volume and Turnover
Volume spiked during the breakout at $0.01186–$0.012, reaching a 5-minute high of 1,914,144.0 at 07:45 ET, coinciding with a sharp rally. Turnover aligned with this volume increase, showing no material divergence. Accumulation was most pronounced between 05:00 and 08:00 ET, with continued buying into the close.
FIO Protocol/Tether appears to have gathered momentum, with volume and price aligned above key moving averages. A test of $0.0123 is possible in the next 24 hours, though traders should watch for pullbacks below $0.01195, which could trigger a retest of support and short-term volatility.
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