Summary
• Price declined from 0.1941 to 0.1834 over 24 hours amid high volatility.
• Strong bearish momentum confirmed by declining RSI and negative MACD divergence.
• Volatility expanded as price broke below key support at 0.1911.
• Bollinger Bands show price near lower band, suggesting oversold conditions.
• Volume spiked around the 0.1887–0.1895 range, indicating consolidation before the drop.
At 12:00 ET−1, Lista DAO/Tether opened at 0.1923, peaked at 0.1941, and closed at 0.1834 by 12:00 ET. The 24-hour trading range was 0.183–0.1941. Total volume amounted to 1,315,839.9, with a notional turnover of $253,974.43.
Structure & Formations
Price action over the 24-hour period showed a bearish breakdown from a prior consolidation phase between 0.1911 and 0.1941. A key bearish engulfing pattern emerged at 0.1914–0.1915, confirming downward momentum. A doji at 0.1887–0.1887 suggested indecision, followed by a continuation of the downward trend.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both trended downward, reinforcing the bearish bias. On the daily chart, the 50/100/200 EMAs were in a bearish alignment, with price below all three, indicating a prolonged downtrend.
Momentum & Overbought/Oversold Conditions
The RSI fell from 56 to 28 over the 24 hours, entering oversold territory. MACD remained negative with a bearish crossover, suggesting further downward pressure. However, oversold RSI levels may invite short-term buying interest.
Volatility and Bollinger Bands
Bollinger Bands expanded as the price moved lower, with the lower band near 0.183. Price action consistently traded near or below the lower band, reinforcing the bearish bias and suggesting limited near-term upside without a catalyst.
Volume and Turnover
Volume spiked notably during the 0.1887–0.1895 consolidation phase, indicating heavy participation ahead of the breakdown. Turnover matched the volume increase, supporting the credibility of the move. Divergence between volume and price during the final leg down suggests waning short-term conviction.
Fibonacci Retracements
A 61.8% retracement level from the recent high of 0.1941 to the low of 0.1834 came in at 0.1869. Price tested this level twice without bouncing, suggesting bearish exhaustion above this level.
The breakdown below 0.1911 appears to have opened a path to lower support levels. While current momentum favors a continuation of the decline, a rebound to 0.1869–0.1872 could test short-term resilience. Investors should remain cautious as oversold RSI levels may temporarily stabilize the price, but without a clear reversal pattern or volume confirmation, the bias remains bearish.
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