Summary
• Price declined to a 24-hour low of 0.2454, after opening at 0.2662.
• RSI approached oversold territory, hinting at potential short-term reversal.
• Volatility and turnover surged in the late session, suggesting increased bearish momentum.
• Bollinger Bands showed a significant contraction preceding the sharp drop.
• Volume spiked during the 16:15–16:30 ET session, confirming the sharp price decline.
Opening and Key Metrics
Lista DAO/Tether (LISTAUSDT) opened at 0.2662 on 2025-11-12 and closed at 0.2454, with a high of 0.2691 and a low of 0.24. Over the 24-hour period, the total volume amounted to 1,514,376.0 units with a notional turnover of 376,696.7 USD. Price action suggests bearish exhaustion and a potential near-term bounce.
Structure & Formations
The 15-minute chart displayed a descending triangle pattern, with key resistance near 0.269 and support at 0.250–0.251. A bearish engulfing pattern emerged during the sharp drop on the 16:15–16:30 candle, indicating a shift in sentiment. A doji formed near 0.250, hinting at potential consolidation ahead.
Moving Averages
The 20-period and 50-period SMAs on the 15-minute chart confirmed the bearish bias, with the 50 SMA below the 20 SMA. On the daily chart, the 50 SMA appears to be forming a potential support at ~0.250–0.255, while the 200 SMA is acting as a long-term floor.
MACD & RSI
MACD showed bearish divergence, with the line dipping below the signal line and remaining negative. RSI approached oversold territory, hitting levels as low as 28, suggesting potential for a short-term bounce. However, the depth and duration of the oversold reading raises concerns about a breakdown.
Bollinger Bands
Bollinger Bands contracted during the early hours of the session, indicating low volatility before the sharp selloff. Price closed near the lower band at 0.2454, which could trigger a retest of key support levels. A break below the lower band may confirm a new bearish trend.
Volume & Turnover
Volume surged to 718,449.9 during the 16:15–16:30 ET session, coinciding with the sharp drop to 0.24. Notional turnover increased dramatically, confirming the bearish breakdown. Divergences between price and volume were minimal, suggesting the selloff was broadly supported.
Fibonacci Retracements
On the 15-minute chart, the 61.8% Fibonacci retracement level aligned with 0.250–0.255, where the price has stalled. On the daily chart, the 38.2% level is near 0.252, which may act as a near-term pivot. A breakdown of the 61.8% level may accelerate further downside.
Backtest Hypothesis
The RSI-oversold 5-day-hold strategy shows compelling returns for
(98.8% total, 46.2% annualised), suggesting strong mean-reverting tendencies. The 5-day holding period aligns with key Fibonacci levels observed in this session. While the current oversold RSI reading mirrors the strategy’s entry conditions, the high volatility and volume suggest caution. Investors may use this as a signal to monitor short-term bounces with stop-losses below key support levels.
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