Market Overview for NKN/Tether (NKNUSDT): 24-Hour Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 7:41 am ET1min read
NKN
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Aime RobotAime Summary

- NKNUSDT traded in a narrow $0.0114–$0.012 range, forming bearish consolidation with key support at $0.0115.

- RSI (40–50) and MACD below signal line indicated weak momentum, while volume spiked $35K during 19:30–20:30 ET sell-off.

- Price tested 61.8% Fibonacci at $0.0115 twice, failing to break below, with 50% retracement at $0.0117 acting as short-term resistance.

- Bollinger Bands showed subdued volatility most of the day, with mild expansion during 09:00–10:30 ET reflecting temporary buying pressure.

Summary
•

NKNUSDT
traded in a narrow range, forming a bearish consolidation pattern.
• Volatility dipped in the early hours before a late morning rebound attempt.
• RSI and MACD signaled weak momentum with no clear overbought or oversold conditions.
• Volume spiked during the 19:30–20:30 ET window, indicating increased selling pressure.

NKN/Tether (NKNUSDT) opened at $0.012 on 2025-12-22 at 12:00 ET, reaching a high of $0.012 and a low of $0.0114, before closing at $0.0115 at 12:00 ET on 2025-12-23. Total volume over the 24-hour window was 27.1 million, with a notional turnover of approximately $318,560.

Structure & Formations


Price action formed a key support cluster between $0.0115 and $0.0116, with bearish pressure visible in the 19:30–20:30 ET window. A long lower shadow candle at $0.0115 suggested rejection of further declines.
A bullish engulfing pattern was visible in the 09:30–10:00 ET window but failed to break above $0.0117.

Moving Averages



On the 5-minute chart, the 20 and 50-period SMAs remained flat, with price hovering below the 50SMA, indicating bearish bias in the short term. Daily SMAs were not available for this analysis due to limited OHLC data.

MACD & RSI


MACD remained below the signal line with a weak positive crossover near the end of the period, suggesting a minor bullish push without conviction. RSI hovered between 40 and 50 for most of the day, with no overbought or oversold conditions emerging, reflecting a lack of strong directional momentum.

Bollinger Bands


Volatility remained subdued for most of the day, with price staying within the Bollinger Bands and a minor contraction observed during the overnight session. A mild expansion occurred in the 09:00–10:30 ET window, coinciding with increased buying pressure.

Volume & Turnover


Volume surged in the 19:30–20:30 ET window, with a turnover spike of $35,000 in that hour alone. This coincided with a drop from $0.0119 to $0.0116, indicating increased selling pressure. Later, volume declined during the 11:00–12:00 ET session, as price struggled to break above $0.0117.

Fibonacci Retracements


Applying Fibonacci to the 0.012 to 0.0114 swing, price tested the 61.8% level at $0.0115 twice, failing to break below on the second attempt. A potential 50% retracement at $0.0117 could offer short-term resistance.

Price appears to be in a low-momentum consolidation phase, with bearish bias lingering near key support. A test of $0.0115 could offer an entry point for cautious longs, but traders should be wary of further volatility dips if volume remains subdued in the next 24 hours.