Summary
• Price action formed a bearish consolidation below 0.0352 with a key 0.035 level showing initial support.
• RSI hovered near oversold territory, suggesting potential for a near-term rebound or consolidation.
• Volume surged during the 2030–2330 ET window, confirming the bearish breakdown.
• Bollinger Bands narrowed ahead of the 0.0347–0.0343 price action, indicating increased volatility.
• Fibonacci levels at 0.0345 and 0.0343 appear to be key zones for near-term price direction.
Market Overview
Movement/Tether (MOVEUSDT) opened at 0.0353 on 2025-12-29 12:00 ET, reached a high of 0.0356, fell to a low of 0.0339, and closed at 0.0347 on 2025-12-30 12:00 ET. Total volume for the 24-hour period was 23,597,078.4 units, with notional turnover of 835,809.57 USDT.
Price Structure and Key Levels
Price action over the 24-hour period showed a bearish breakdown from the 0.0353–0.0355 range, with support confirmed at the 0.0343–0.0347 level. A bearish engulfing pattern formed around 2030–2100 ET, followed by a consolidation phase. The 0.0352–0.0353 area appears to be a psychological resistance level, with attempts to retest it showing weakness.
Technical Indicators
RSI reached oversold territory during the early morning hours, suggesting potential for a bounce or sideways consolidation ahead. MACD remained bearish through much of the session, though it flattened during the final hours, indicating reduced downward momentum.
Bollinger Bands showed a slight contraction during the morning before expanding during the 0.0343–0.0347 decline, pointing to increased volatility.
Volume and Turnover
Volume surged significantly between 2030 and 2330 ET, coinciding with the breakdown to 0.0343. Notional turnover mirrored this surge, confirming the move lower. A divergence appeared after 0900 ET, with volume declining despite continued sideways price movement, suggesting reduced conviction from sellers.
Looking ahead, Movement/Tether could test the 0.0347–0.035 consolidation range over the next 24 hours, depending on short-term buying pressure. Traders should remain cautious of potential volatility around the 0.035 key level, as a break above or below could signal a new near-term trend.
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