Market Overview for NKN/Tether (NKNUSDT) – December 24, 2025

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Wednesday, Dec 24, 2025 7:59 am ET1min read
NKN
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Aime RobotAime Summary

- NKNUSDT formed bullish engulfing patterns near 0.0117-0.0118, indicating potential short-term support after repeated tests.

- Volume spiked to 997,581 at 19:30 ET but failed to break above 0.0119, signaling distribution and weakening momentum via narrowing MACD.

- Price remained within Bollinger Bands for 24 hours, with 0.0116-0.0117 Fibonacci levels acting as key retests before late ET rejection.

- RSI neutrality and tight trading channels suggest low volatility, with traders advised to monitor RSI divergence and liquidity during low-volume periods.

Summary
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NKNUSDT
formed multiple bullish engulfing patterns around 0.0117–0.0118, suggesting potential short-term support.
• Volume surged to 997,581 at 19:30 ET, but price failed to break above 0.0119, indicating distribution.
• RSI remained neutral near 50, while MACD showed tightening histogram, hinting at waning momentum.
• Price consolidated within Bollinger Bands throughout the 24-hour period, reflecting low volatility.
• Fibonacci levels at 0.0116–0.0117 were key retests, with 61.8% retracement failing to hold during late ET trading.

NKN/Tether (NKNUSDT) opened at 0.0115 on December 23 at 12:00 ET and reached a high of 0.0119 during the 24-hour window, with a low of 0.0113 before closing at 0.0114 on December 24 at 12:00 ET. Total volume was 8.9 million contracts, while notional turnover amounted to approximately $995,000.

Structure & Formations


The 5-minute chart displayed several bullish engulfing patterns in the 0.0116–0.0118 range, especially after the 0.0117 support level was repeatedly tested. A doji formed at 0.0118 around 04:30 ET, signaling indecision. Price failed to break above 0.0119, with a bearish rejection forming at 20:15 ET as buyers failed to sustain momentum.

Moving Averages and Momentum


Short-term 20/50-period moving averages on the 5-minute chart showed price oscillating between them without clear direction. The daily chart’s 50-period MA was around 0.0116, with price hovering slightly above. RSI remained within the 40–60 range, suggesting balanced momentum without clear overbought or oversold conditions. MACD histogram showed a narrowing trend, pointing to waning bullish momentum and potential reversal.

Bollinger Bands and Volatility


Price remained within the Bollinger Bands for most of the 24-hour period, with minimal expansion, indicating low volatility. The 0.0117–0.0118 range functioned as a tight trading channel, with a minor break to the downside at 04:45 ET followed by a retest and rejection.

Volume and Turnover


Volume spiked at 19:30 ET (997,581 contracts) and 04:15 ET (812,793 contracts), but failed to push price above 0.0119, indicating distribution. Turnover aligned with volume peaks but did not show significant divergence from price.

Fibonacci Retracements


A major swing high of 0.0119 and a swing low of 0.0113 defined a 61.8% retracement at 0.0116, which failed to hold during a test at 07:30 ET. The 38.2% retracement at 0.0117 acted as a temporary floor twice during the session, especially at 23:00 and 04:30 ET.

Looking ahead, price may retest 0.0116–0.0117 as the key near-term range. A break above 0.0119 could attract buyers, but sellers appear active in this zone. Traders should watch for divergence in RSI and volume, and be cautious of thin order book liquidity during low-volume periods.