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Summary
• Price action formed a bearish engulfing pattern at 0.02925 and tested prior support at 0.0274.
• Momentum weakened as RSI entered oversold territory around 0.0269.
• Volatility expanded with volume spiking at key breakdown levels.
At 12:00 ET on 2025-12-09,
Finance/Tether (HUMAUSDT) opened at 0.02934 and traded between 0.02939 and 0.02628 over the next 24 hours, closing at 0.02650. Total volume reached 34,936,178 HUMA, with a notional turnover of approximately $947,989.Structure & Formations
The price formed a bearish engulfing pattern at 0.02925, confirming a shift in sentiment. A strong breakdown followed below 0.0285, with support testing at 0.0274 and 0.0269. A doji formed near 0.02701, signaling potential exhaustion in the short-term decline.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages remained in a bearish alignment, reinforcing downward bias. Daily 50/100/200 MAs suggest a broader bearish trend, with price now below all three.
MACD & RSI
MACD lines moved lower into negative territory, confirming bearish momentum. RSI bottomed near 28 during the 0.0269-0.0270 range, suggesting potential near-term support.
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Bollinger Bands
Volatility expanded as price broke below the lower Bollinger Band at 0.0269, with the band width widening from 0.0005 to 0.0014 over the last 6 hours. Price appears to be finding a new mean in the 0.0267-0.0269 range.
Volume & Turnover
Volume surged during the breakdown below 0.0285, with the largest 5-minute bar occurring at 0.0274 (1.49M HUMA). Turnover spiked in line with price declines, showing no divergence, suggesting confirmation of the bearish move.
Fibonacci Retracements
A key 0.382 retracement level at 0.0283-0.0284 held briefly before price resumed its downward move. On the daily chart, the 0.618 level at 0.0255-0.0256 may act as a critical test of trend strength.
Looking ahead, a potential bounce toward 0.0270-0.0272 could test the doji and recent support. However, a close below 0.0265 may confirm a deeper correction toward 0.0255. Investors should remain cautious of increased volatility and sharp directional moves.
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