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Summary
• Price tested key resistance near 6.97 but retreated to consolidate around 6.93.
• Volatility surged after 14:15 ET with a large volume spike and 6.91 close from 6.93.
• RSI signaled overbought conditions mid-day, followed by a sharp correction in late afternoon trading.
• Bollinger Bands expanded significantly during the 16:15–17:00 ET period.
Kusama/Tether (KSMUSDT) opened at 6.88 on 2025-12-27, reached a high of 7.03, fell to a low of 6.86, and closed at 6.93 by 12:00 ET. The 24-hour volume totaled 50,670.04 KSM, with a notional turnover of 348,182.83 USDT.
Structure & Formations
KSMUSDT formed a bearish engulfing pattern near 6.97 during the 16:30–17:00 ET window, indicating a potential reversal after a short-lived bullish breakout. Support levels appear to hold at 6.92–6.93 and 6.89, while resistance clusters around 6.95–6.97. A long-legged doji formed at 10:45 ET, signaling indecision after a sharp decline from 6.89 to 6.86.

Moving Averages and Momentum
A 20-period 5-min moving average crossed above 6.95, reinforcing a temporary bullish bias, but the 50-period line acted as a resistance. RSI surged to overbought territory above 68 during the 16:15 ET rally, followed by a correction in late trading. MACD remained positive mid-day but diverged with price action as bearish momentum gained traction.
Bollinger Bands and Volatility
Volatility expanded significantly as price moved beyond the upper Bollinger Band during the 16:15–17:00 ET rally, reaching 7.03. A contraction was observed earlier in the morning, suggesting a potential breakout. Price closed near the mid-Bollinger Band at 6.93, indicating a neutral consolidation phase.
Volume and Turnover
Trading volume spiked dramatically after 14:15 ET, particularly between 16:15 and 17:00 ET, when 3,263.56 KSM changed hands at 7.03. Notional turnover matched this volume increase, with a large 22,867.04 USDT trade at 16:15 ET. Divergence between volume and price was noted as price dipped below 6.97 after strong volume.
Fibonacci Retracements
A 61.8% Fibonacci retracement level aligned with 6.95 acted as a key support/resistance zone, with price testing the level multiple times before breaking below it. The 38.2% level at 6.93 provided temporary support in the final hours of the 24-hour period.
Market may consolidate or retest 6.95–6.97 resistance in the next 24 hours. A break below 6.92 could signal further downward momentum, but caution is warranted due to high volatility and mixed momentum signals.
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