Summary
• Price dropped to $6.44 before rebounding to $7.03, forming a bullish reversal pattern at 6.45.
• Volume surged during the rebound, with turnover peaking near $7.00.
• RSI hit oversold levels near 6.45, now showing strong upward momentum.
• Bollinger Bands expanded significantly as volatility increased.
• Fibonacci 61.8% level at $6.77 aligned with a key 5-minute support level.
24-Hour Price Summary
Kusama/Tether (KSMUSDT) opened at $6.87 on 2025-12-18 at 12:00 ET, reached a low of $6.40, and closed at $7.00 at 12:00 ET on 2025-12-19. Total volume was 98,563.78 KSM with $672,957.90 in turnover.
Structure & Formations
A key support level at $6.45 held through the session and was followed by a strong bullish reversal pattern—a hammer—on the 5-minute chart. Price then climbed through 61.8% Fibonacci at $6.77 and extended to a high of $7.03, confirming strength near key psychological levels.
Moving Averages and Momentum
Short-term momentum on the 5-minute chart showed a clear break above both the 20-EMA and 50-EMA. The 50-period EMA is now rising, suggesting continued bullish momentum.
RSI bounced off oversold territory and is trending upward, indicating accumulation may be ongoing.
Volatility and Bollinger Bands
Bollinger Bands showed a sharp expansion after the $6.45 low, with price staying near the upper band for much of the session. This reflects elevated volatility, which could continue if the current bullish trend holds.
Volume and Turnover
Volume spiked during the early rebound, with a high of 10,521.88 KSM traded at $6.44. Turnover also spiked near $7.00, confirming the strength of the recent rally. No significant price-turnover divergence was observed, suggesting buying pressure remains firm.
Market appears to have broken out of a consolidation pattern with strong volume and momentum support. If
maintains above $6.77, a
of $7.25 could be in view. However, traders should remain cautious of a pullback to test the $6.65–$6.67 zone for confirmation of a sustained breakout.
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