Summary
• Price declined from 0.1712 to 0.1645 amid heightened volatility and uneven volume flow.
• A bearish engulfing pattern formed at 0.1675–0.1682, signaling potential continuation lower.
• Volume surged at 0.1602, confirming a short-term support level.
• RSI dipped below 30 into oversold territory, suggesting possible near-term buying interest.
• Bollinger Bands widened, indicating increasing short-term uncertainty.
The Lista DAO/Tether (LISTAUSDT) pair opened at 0.1712 and closed at 0.1645 with a 24-hour high of 0.1712 and low of 0.1602. Total volume reached 943,228.0 and turnover amounted to 152,066.6.
Structure & Moving Averages
Price broke below the 50-period and 20-period moving averages on the 5-minute chart, reinforcing bearish momentum. The daily chart shows the 50/100/200 EMA cluster near 0.1700 acting as a key resistance. A 61.8% Fibonacci retracement from the recent 0.1712–0.1602 swing sits at 0.1645, aligning with the current close and offering potential near-term resistance.
Momentum & Indicators
MACD turned negative with a bearish crossover, and RSI dipped to 29, suggesting short-term oversold conditions. A bullish reversal is possible if price holds above 0.1626, which is the 38.2% retracement level. Bollinger Bands expanded significantly, reflecting increased volatility, with the price closing near the lower band.
Volume and Turnover Analysis
Volume surged during the 0.1602 level test, with a 5-minute candle showing 94,322.8 volume and 15,206.6 turnover. The price found support there before rebounding slightly. However, volume and turnover diverged slightly during the 0.1645–0.1661 rally, with turnover not confirming the strength of price movement. This may suggest fading bullish conviction.
Forward-Looking Observation
A bounce from 0.1602 could test 0.1639–0.1645 for a potential reversal, though bearish momentum remains intact. Traders may watch for a break below 0.1626 to confirm a deeper correction. As always, market sentiment and broader crypto conditions could drive volatility. Investors should remain cautious and monitor volume for signs of conviction shifts.
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