Summary
• Price declined from 1.513e-05 to 1.485e-05, forming bearish continuation patterns.
• Volume spiked during key downward moves, confirming bearish momentum.
• RSI near oversold territory suggests potential short-term rebound.
• Bollinger Bands narrowed early, followed by a sharp expansion after 18:00 ET.
LayerZero/Bitcoin (ZROBTC) opened at 1.513e-05 on 2025-12-18 12:00 ET, reached a high of 1.513e-05, and closed at 1.485e-05 on 2025-12-19 12:00 ET. The 24-hour volume was 38,550.63 and turnover amounted to 5.865 BTC.
Structure & Candlestick Patterns
Price action over the 24-hour period showed a consistent bearish bias, with several significant pullbacks. A key bearish pattern emerged around 18:30 ET, where a long black candle confirmed a breakdown below key resistance. Later, a short bullish reversal at 06:45 ET saw a 1.504e-05 close after a 1.495e-05 open, hinting at potential short-term stabilization.
Volatility and Bollinger Bands
Volatility remained low early in the session, with price staying within a narrow Bollinger Band range. A sharp expansion occurred after 18:00 ET, coinciding with a large volume spike and a move toward the lower band. Price continued to hover near the lower band for the remainder of the session, signaling increased bearish pressure.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages remained in a bearish alignment, with the price consistently below both. The 50-period MA acted as a key resistance level for much of the session. Momentum indicators showed deteriorating bullish energy, with the RSI dipping into oversold territory after 02:00 ET, which may signal a possible near-term rebound.
Volume and Turnover Analysis
Volume surged during the key price drop between 18:00 and 19:00 ET, confirming the bearish move. Turnover increased in tandem, supporting the narrative of strong downward conviction. A divergence in volume and price occurred during the late night consolidation, where volume fell but price remained stagnant, suggesting a lack of clear direction.
Fibonacci Retracements
Applying Fibonacci to the early 5-minute rally between 06:45 and 07:30 ET, the price found support at the 61.8% level near 1.495e-05 before declining further. On the daily chart, a 61.8% retracement of the previous rally may offer a potential short-term floor near 1.470e-05.
The price appears to be consolidating near the 1.485e-05 level, with key support at 1.470e-05 and resistance at 1.495e-05. A short-term bounce from the current range is possible, but bearish momentum could reassert if resistance holds. Investors should remain cautious of increased volatility and potential breakouts in either direction over the next 24 hours.
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