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Summary
• Price rose from 0.0835 to 0.0866, showing bullish momentum after 0.0845 resistance was cleared.
• Volume spiked to 661,330 at 08:00 ET as price surged to a 24-hour high of 0.0869.
• A large bullish engulfing pattern formed near 0.0855, followed by consolidation toward 0.0842.
• RSI hit overbought territory near 78 before retracing, suggesting potential near-term profit-taking.
• Bollinger Bands widened as volatility increased with a late-night breakout and subsequent pullback.
Initia/Tether (INITUSDT) opened at 0.0835 on 2025-12-24 12:00 ET, rose to a high of 0.0869, fell to a low of 0.0842, and closed at 0.0842 at 12:00 ET on 2025-12-25. Total volume was 3,793,409 with turnover of 314.18 USD equivalent over 24 hours.

On the 5-minute chart, price found a temporary floor at the 61.8% retracement of the 0.0845–0.0869 move, near 0.0855. On the daily chart, the 38.2% and 61.8% retracements of the broader 0.0834–0.0869 swing align with key levels around 0.085 and 0.0845, suggesting potential support/resistance for the next 24 hours.
The market appears to be in a consolidation phase after the recent bullish breakout. If buyers can defend the 0.0842 support level, a test of the 0.0845–0.0855 range may follow. However, a breakdown below 0.0842 could trigger further downside to 0.0837. Investors should remain cautious and watch for divergences in volume and momentum as potential early signals of trend fatigue.
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