Summary
• Price tested key support at 0.0311, rebounding with bullish momentum.
• Volatility expanded sharply during 21:00–23:00 ET as price surged from 0.0311 to 0.0328.
• RSI signaled overbought levels during late-night rally, hinting potential near-term reversal.
• Volume spiked 6.5x at 00:30–01:30 ET, confirming a strong bullish reversal after prior bearish move.
• Price consolidated near 0.0327–0.0330 range, suggesting potential for a breakout.
Movement/Tether (MOVEUSDT) opened at 0.0336 on 2025-12-18 at 12:00 ET, reached a high of 0.0339, touched a low of 0.0311, and closed at 0.0329 on 2025-12-19 at 12:00 ET. Total volume across the 24-hour period was 73.2 million, and notional turnover was $2.38 million.
Structure & Formations
Price action revealed a key support level around 0.0311, where a bullish reversal occurred on 2025-12-18 at 20:00 ET. A large bullish engulfing pattern formed at 00:15–00:30 ET, followed by a consolidation phase between 0.0327 and 0.0330.
The 0.0330 level has shown repeated rejection and could serve as a short-term resistance.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages showed a bullish crossover during the early morning hours. This aligns with an RSI reading that peaked above 65 during the 00:30–01:30 ET window, suggesting overbought conditions may cap near-term gains.
Bollinger Bands and Volatility
Volatility spiked as price moved from 0.0311 to 0.0328 in a span of two hours. During this expansion, price briefly touched the upper Bollinger Band, which acted as resistance around 0.0328–0.0330. A contraction phase followed in the afternoon, indicating a possible pause before the next directional move.
Volume and Turnover
Volume surged to 3.005 million between 00:30–01:30 ET, confirming the bullish reversal from 0.0319 to 0.0328. Notional turnover was in line with volume, suggesting the rally was backed by strong buying pressure. However, during the final hours of the day, volume declined, signaling a potential pause in momentum.
Fibonacci Retracements
Fibonacci levels from the swing low at 0.0311 and the swing high at 0.0339 showed price consolidating near the 61.8% level (approx. 0.0328–0.0329), indicating a potential short-term target if buyers commit beyond this range. The 78.6% level near 0.0336 may offer resistance in the near term.
Market appears poised for a breakout near 0.0330–0.0333. However, traders should remain cautious as RSI overbought levels and declining volume suggest a possible pullback in the next 24 hours. Break above 0.0333 could reinvigorate bullish momentum.
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