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Summary
• Price declined from 0.3758 to 0.3671 on the 24-hour chart with key resistance around 0.3723.
• RSI hit oversold territory near 30, suggesting potential for short-term rebound.
• Volatility spiked during a sharp sell-off, with volume peaking at 79006.9 at the 03:30 ET candle.
• Bollinger Bands showed a contraction before the 04:00 ET rebound breakout.
• A bearish engulfing pattern formed at 0.3723–0.3674, confirming a shift in momentum.
NEXPACE/Tether (NXPCUSDT) opened at 0.3743 on December 29 at 12:00 ET, reached a high of 0.3758, and fell to a low of 0.3611, closing at 0.3671 by 12:00 ET on December 30. Total volume was 500,177.9 and turnover was 185,838.52, reflecting heightened volatility.
Structure & Formations
The pair displayed a bearish engulfing pattern at 0.3723–0.3674, signaling a shift in sentiment toward the downside. Key resistance levels include 0.3723 and 0.3745, with support at 0.3650 and 0.3631. A doji formed near 0.3671, suggesting indecision and potential for a short-term reversal.
Moving Averages

Momentum and Volatility
The RSI dipped into oversold territory, reaching ~30, hinting at a possible bounce. MACD turned negative with a bearish crossover, amplifying the short-term downward trend. Bollinger Bands showed a contraction before the sharp decline, followed by a volatility burst during the 04:00 ET rebound.
Volume and Turnover
Volume spiked at 79006.9 during the 03:30 ET candle, coinciding with a price drop to 0.3607. Notional turnover increased in tandem, confirming the bearish move. Divergences are absent, as both volume and price confirmed the sell-off.
Key Levels and Fibonacci
Fibonacci retracement levels on the 0.3758 to 0.3611 swing identify key levels at 0.3690 (38.2%) and 0.3648 (61.8%). The 0.3631 support aligns with both a Fibonacci level and a recent consolidation area.
The price may find near-term support at 0.3631–0.3628 and could see a rebound toward 0.3690 if bulls regain control. However, a break below 0.3611 could accelerate the decline further. Investors should remain cautious for a potential short-term bounce but monitor volume for signs of bearish continuation.
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