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Summary
• Price rose 0.72% on 5-minute chart, forming a bullish engulfing pattern at 0.0447.
• RSI reached 58, showing moderate momentum without overbought conditions.
• Volume spiked at 0.0445 during 19:15–21:30 ET, confirming consolidation.
• Bollinger Bands narrowed midday before price broke out to the upside.
Movement/Tether (MOVEUSDT) opened at 0.0445 on 2025-12-06 12:00 ET, hit a high of 0.0455, and closed at 0.0453 as of 2025-12-07 12:00 ET. Total volume over 24 hours was 10.79 million, with notional turnover of approximately $486,000.
Price Structure and Key Levels
Price formed a bullish engulfing pattern near 0.0447 during the morning session, signaling short-term buying interest.

Momentum and Oscillator Signals
RSI climbed to 58 by early morning and remained in neutral territory, indicating moderate bullish momentum without overextension. MACD showed a tightening histogram and a positive crossover, suggesting potential continuation of the upward trend.
Volatility and Volume Insights
Bollinger Bands contracted midday, followed by a breakout to the upside, confirming a shift in sentiment. Volume surged between 19:15–21:30 ET during consolidation and breakout phases, aligning with price action and suggesting a valid move.
Patterns and Fibonacci Levels
Fibonacci retracements on the morning swing identified key levels at 0.0449 (38.2%) and 0.0452 (61.8%), both of which were tested and held. A 5-minute bullish flag pattern formed between 0.0447 and 0.0451, confirming strength on the upside.
Looking ahead, the price appears to favor testing the 0.0455–0.0457 range in the next 24 hours. A break below 0.0448 could trigger renewed bearish pressure. Investors should monitor volume behavior and key Fibonacci levels for early trend confirmation or reversal.
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