Market Overview for MultiversX/Tether (EGLDUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 27, 2025 2:55 pm ET1min read
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Aime RobotAime Summary

- MultiversX/Tether (EGLDUSDT) broke above $6.21-6.22 resistance with a bullish engulfing pattern, closing at $6.21 after consolidating between $6.13-6.26.

- Late-session volume surged to 16,133.38 with $100,489.13 turnover, signaling strong institutional buying pressure and volatility expansion via widening Bollinger Bands.

- RSI (58-60) and MACD confirmed bullish momentum, while Fibonacci levels at $6.21 (38.2%) and $6.25 (61.8%) highlight potential continuation targets if buyers hold above $6.19-6.20 support.

Summary
• Price traded within a narrow range between $6.13 and $6.26 with late-day break above prior resistance.
• Volume surged in late afternoon ET, confirming the breakout attempt.
• RSI showed moderate momentum while Bollinger Bands expanded, signaling rising volatility.
• A bullish engulfing pattern emerged near $6.21-6.22 after consolidation.
• Turnover spiked sharply during the late ET breakout, suggesting increased institutional interest.

MultiversX/Tether (EGLDUSDT) opened at $6.14 on 2025-12-26 12:00 ET, reached a high of $6.29, traded as low as $6.13, and closed at $6.21 on 2025-12-27 12:00 ET. Total volume was 16133.38, with a notional turnover of $100,489.13.

Structure & Formations


The price consolidated between $6.13 and $6.26 before a sharp rally late in the session broke through the $6.21–6.22 resistance cluster, forming a bullish engulfing pattern. A key support level appeared near $6.13–6.14, with a potential short-term resistance at $6.25–6.26.

Moving Averages


On the 5-minute chart, the 20 and 50-period MAs shifted upward in line with the late session breakout. The daily 50-period MA is below the 200-period MA, indicating a neutral to bearish bias on longer timeframes.

MACD & RSI


MACD crossed into positive territory during the late afternoon rally, confirming the bullish shift. RSI climbed to 58–60 in the final hours, indicating moderate momentum, but not yet overbought.

Bollinger Bands


Bands widened after midday, suggesting a rise in volatility. Price closed near the upper band during the breakout, suggesting a potential continuation unless buyers pause at the new resistance.

Volume & Turnover


Volume spiked sharply in the 15:15–15:45 ET period, with a massive 16,133.38 volume at $6.22–6.29. Turnover surged to $100,489.13, indicating strong accumulation, though divergence could emerge if price stalls and volume weakens.

Fibonacci Retracements


A 38.2% retracement level at $6.21 coincided with a key breakout point, adding technical significance. The 61.8% level sits near $6.25, offering a potential next target.

The rally appears to be driven by renewed buying pressure and institutional participation. If the $6.25–6.26 area holds, further upside could follow. Traders should monitor for any pullback to

test
$6.19–6.20 support. As always, be cautious of thin liquidity areas and sudden volatility.