Market Overview: MultiversX/Tether (EGLDUSDT) 24-Hour Price and Volume Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 22, 2025 2:52 pm ET1min read
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Aime RobotAime Summary

- EGLDUSDT tested 6.45-6.52 resistance and consolidated near 6.47-6.49 support during 2025-12-21 to 22.

- Volume spiked above 1,000 at 00:15 ET and 09:45 ET, confirming bullish momentum with strong engulfing patterns.

- MACD showed strengthening bullish divergence while Bollinger Bands widened above 6.45, reflecting increased volatility.

- Fibonacci 61.8% level at 6.47-6.48 acts as key pivot zone, with traders monitoring potential breakouts or reversals.

Summary
• Price tested 6.45-6.52 resistance, with consolidation near 6.47-6.49 as key support.
• Volume spiked above 1,000 at 00:15 ET and again at 09:45 ET, confirming bullish momentum.
• RSI remained neutral, but MACD showed strengthening bullish divergence.
• Volatility expanded in late morning, with Bollinger Bands widening above 6.45.
• Fibonacci 61.8% level aligned with 6.47-6.48, acting as a potential pivot zone.

Market Overview


MultiversX/Tether (EGLDUSDT) opened at $6.42 on 2025-12-21 12:00 ET, reached a high of $6.52, and closed at $6.50 as of 2025-12-22 12:00 ET. The 24-hour volume totaled 19,238.76 units, with a notional turnover of $123,158.75.

Structure & Patterns


Price action displayed a bullish breakout above the 6.45–6.48 consolidation range, with a strong bullish engulfing pattern forming at 09:45 ET. Key support was tested at 6.43–6.45, with a strong rebound suggesting buyers remain in control. A doji formed at 14:45 ET, indicating potential near-term indecision.

Moving Averages


On the 5-minute chart, the 20SMA crossed above the 50SMA, signaling a bullish bias. The daily chart shows the price above the 50DMA, aligning with a longer-term bullish trend.

Momentum Indicators


MACD turned positive in the morning and remained bullish into midday, while RSI hovered between 50 and 60, indicating healthy upward momentum without overbought conditions.

Volatility and Bollinger Bands


Bollinger Bands expanded in the late morning as the price approached the upper band, reflecting increased volatility. Price remained within the bands, suggesting the move remains structured and not in a breakout phase.

Volume and Turnover


Volume and turnover spiked during the 00:15 ET and 09:45 ET hours, confirming bullish price action. Divergence between volume and price was minimal, indicating strong conviction in the upward move.

EGLDUSDT appears to be consolidating in a healthy bullish trend, with clear short-term support and resistance zones in play.

Traders may watch the 6.47–6.48 pivot for a potential breakout or reversal, while a drop below 6.43 could trigger a retest of key Fibonacci levels. As always, position sizing and stop-loss placement remain critical given the asset’s volatility.