Summary
• Price surged to 0.0586 before retracting to 0.0566, forming bearish momentum divergence.
• Volatility expanded significantly, with Bollinger Bands widening during the late morning session.
• A bullish engulfing pattern emerged near 0.0554, but failed to hold as selling pressure intensified.
• On-balance volume suggests accumulation below 0.0571, but recent divergence hints at bearish follow-through.
• RSI dipped into oversold territory, indicating potential for a short-term rebound from 0.0563–0.0567.
Price Movement and Volume
At 12:00 ET–1 on 2025-12-24, Loopring/Tether (LRCUSDT) opened at 0.0554, reached a high of 0.0586, fell to a low of 0.0546, and closed at 0.0566 by 12:00 ET on 2025-12-25. Total 24-hour volume was 41,146,456.0, with notional turnover amounting to $2,320,152.00.
Structure and Candlestick Behavior
The price action featured a strong upward breakout during the early morning, capped by a high at 0.0586, followed by a rapid retracement below the 0.0571 level.
. A doji formed near 0.0566, hinting at indecision ahead of a potential bounce.
Moving Averages and Momentum
On the 5-minute chart, the price broke above the 20- and 50-period moving averages early in the morning but quickly fell back below, confirming a potential bearish reversal. The daily chart shows the price trading below the 50, 100, and 200-day MAs, reinforcing the bearish bias. The MACD turned negative mid-morning, with a bearish crossover followed by a flattening, suggesting momentum may be stabilizing. The RSI hit oversold levels near 30 during the retracement but has not yet shown a strong rebound.
Volatility and Fibonacci Levels
Bollinger Bands expanded significantly as the price surged and then collapsed, with the current price sitting near the lower band at 0.0566. A 38.2% Fibonacci retracement of the 0.0546–0.0586 move is at 0.0563, while the 61.8% level is at 0.0573. Price has stalled near the 38.2% level, suggesting a potential bounce or further consolidation ahead.
Volume and Turnover Divergences
Volume spiked during the late morning rally but sharply declined during the subsequent drop, suggesting weakening conviction in the upside.
The highest 5-minute volume was recorded at 6,802,503.0, coinciding with the peak at 0.0586. However, the drop from 0.0586 to 0.0566 occurred on relatively lower volume, indicating a lack of follow-through from bullish traders and potential distribution at higher levels.
Over the next 24 hours, a test of the 0.0563–0.0567 range may trigger a short-term bounce, especially if RSI holds above 30. However, traders should remain cautious as bearish momentum appears to be resuming, particularly if volume fails to confirm any upward movement.
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