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Summary
• MITOUSDT declined from 0.06986 to 0.06650, forming bearish engulfing patterns and testing support at 0.0665–0.0670.
• Momentum weakened as RSI dipped into oversold territory near 30, while volume surged at key breakdown levels.
• Volatility expanded with a 1.5% range between high and low, but price remained below 20/50-period moving averages.
• A divergence between falling price and rising turnover hints at potential short-term accumulation.
Mitosis/Tether (MITOUSDT) opened at 0.06986 on 2025-12-25 12:00 ET, peaked at 0.07059, dropped to 0.06581, and closed at 0.06650 on 2025-12-26 12:00 ET. Total volume reached 6,662,644.3, while notional turnover hit $460,919.54.
Structure & Formations
The price action displayed a bearish bias with a key breakdown below 0.0695 and a strong support zone at 0.0665–0.0670. A bearish engulfing pattern formed during the 23:00–00:00 ET window, suggesting ongoing pressure.

Moving Averages and MACD
Price remained below both the 20 and 50-period moving averages on the 5-minute chart, with the MACD trending lower. The MACD histogram has flattened slightly near 0.00001, hinting at potential short-term exhaustion in the downtrend.
RSI and Bollinger Bands
RSI fell to 30, indicating oversold conditions, though a rebound has yet to confirm a reversal. Volatility expanded as the 20-period Bollinger Bands widened, with the price closing near the lower band at 0.0665, suggesting a possible near-term bounce.
Volume and Turnover
Volume spiked near 600,000 units during the 23:00–00:00 ET breakdown to 0.0665, confirming the move. Notional turnover also rose sharply during this period, though a divergence exists between falling prices and slightly rising turnover, suggesting potential accumulation by buyers.
Fibonacci Retracements
From the 0.06986 high to 0.0665 low, price appears to find support at the 38.2% retracement level (0.0678). A test of the 61.8% level (0.0684) could offer a short-term resistance ahead.
MITOUSDT appears to be in a consolidation phase near the 0.0665–0.0670 range, with a potential bounce to 0.0680–0.0685 possible if buyers take control. However, renewed weakness below 0.0665 could trigger further declines. Investors should monitor volume and turnover for confirmation of any reversal.
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