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Summary
• Price action shows bearish momentum from 0.3882 to 0.3735, with consolidation at 0.374–0.378.
• Key support at 0.372–0.374 and resistance at 0.380–0.382 identified on 5-minute chart.
• Volume surged in early trading, then faded, with a divergence between price and turnover.
• RSI entered oversold territory twice, suggesting possible near-term bullish reversal.
• Bollinger Bands narrowed mid-day, signaling potential volatility expansion ahead.
NEXPACE/Tether (NXPCUSDT) opened at 0.3896, peaked at 0.391, touched a low of 0.3721, and closed at 0.3741. Total 24-hour volume was 1,735,136.0 units, with a notional turnover of approximately $659,169.
Structure & Formations
The price action on the 5-minute chart showed a sharp bearish thrust from 0.3882 to 0.3735, followed by a consolidation phase between 0.374 and 0.378. Notable bearish engulfing patterns formed around 0.3798 and 0.3813, indicating strong downward pressure. A doji emerged at 0.3765, suggesting a potential pause in the bearish momentum.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart both trended lower, reinforcing the bearish bias. On the daily chart, the price closed below all major moving averages (50/100/200), pointing to a continuation of the bearish trend.
Momentum & Overbought/Oversold Conditions
The RSI indicator entered oversold territory twice, at 0.3735 and 0.3745, suggesting a potential short-term bullish bounce. However, the MACD remained bearish throughout, with the line staying below the signal line and showing no signs of reversal.
Bollinger Bands and Volatility
Volatility was initially high, with price touching the upper and lower bands in early trading. By mid-day, the bands contracted, signaling a possible breakout.

Volume and Turnover
Volume spiked in the early morning (19:00–20:00 ET) but declined later, with no significant confirmation from turnover. A divergence between price and turnover appeared in the final hours, which may signal weakening bearish momentum.
Fibonacci Retracements
On the 5-minute chart, the price retraced to the 61.8% level of the move from 0.3882 to 0.3735 at 0.3776 before pulling back. This level may now act as a short-term support. The 38.2% retracement at 0.3808 could be a key resistance in the near term.
The price may test the 0.372–0.374 support zone in the next 24 hours, with a potential rebound into the 0.377–0.380 range if bulls regain control. Investors should remain cautious, as the bearish momentum remains intact, and a break below 0.372 could trigger further downside.
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