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Summary
• Price action shows a 0.0362–0.0354 range-bound session with a late morning breakout to 0.0368.
• Volume spiked during the 04:00–05:00 ET window, confirming a bullish attempt.
• RSI and MACD suggest moderate momentum with no strong overbought/oversold signals.
Movement/Tether (MOVEUSDT) opened at 0.0362, reached a high of 0.0368, a low of 0.0353, and closed at 0.0360 as of 12:00 ET. Total 24-hour volume was approximately 19.4 million, and turnover was ~709,000 USDT.
Structure & Formations

Moving Averages
On the 5-minute chart, price closed above the 20-period and 50-period moving averages, signaling a potential short-term bullish bias. On the daily chart, the 50-period MA sits slightly above the 200-period MA, indicating a mildly positive trend.
MACD & RSI
The MACD crossed above the signal line in the early morning, aligning with the bullish breakout. RSI remained within a healthy range of 45–65, with no signs of overbought or oversold conditions. This suggests the move is still within a reasonable momentum band.
Bollinger Bands
Price traded within a narrow Bollinger Band range during consolidation but expanded outward following the breakout. The 04:00–05:00 window showed a clear volatility expansion, with price reaching the upper band. This suggests traders may be reacting to a short-term catalyst.
Volume & Turnover
Volume surged to 2.8 million during the 04:00–05:00 ET window, coinciding with the price breakout above 0.0365. Turnover spiked correspondingly, confirming the bullish move. However, volume has since tapered off, which may indicate a pause in aggressive buying.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from 0.0354 to 0.0368, key levels at 0.0362 (61.8%) and 0.0365 (78.6%) appear to have acted as initial resistance and support. The 0.0359–0.0361 zone aligns with the 50% retracement level and has shown multiple tests, suggesting it may hold as a near-term pivot.
Price appears to be testing the upper end of its recent range, with a potential for a short-term move toward 0.0365–0.0368. However, a pullback to 0.0356–0.0359 could reestablish consolidation. Investors should remain cautious of thin volume support above 0.0364 and watch for a potential reversal if RSI shows signs of overextension.
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