Market Overview: Ondo/Rupiah (ONDOIDR) on 2025-12-25

Summary
• Price traded in a tight range until a sharp rally began after 01:45 ET, forming a bullish engulfing pattern.
• Momentum accelerated midday with a 2.0% rally before a final pullback near close.
• Volatility and turnover remained subdued, with volume only surging briefly near the day's peak.
• Key resistance now sits at 6373, with 6362 offering immediate support.

Ondo/Rupiah (ONDOIDR) opened at 6334 and closed at 6298 after a 24-hour session marked by low volume and sporadic movement. The pair reached a high of 6373 and a low of 6297, with total volume of 906.3 and turnover estimated based on volume and average price.

Structure & Formations

The session began with consolidation between 6334 and 6335, forming multiple doji-like candles. A bullish engulfing pattern emerged at 01:45 ET as price surged from 6306 to 6339. Later, a bearish rejection at 6373 occurred, followed by a steady decline toward 6298. Support levels are likely forming at 6362 and 6298, with 6373 acting as a key resistance.

Moving Averages

Short-term 5-minute moving averages (20/50) show a bearish crossover near the session close, suggesting a potential reversal after the intraday high. Daily averages (50/100/200) are not clearly visible in this data but would suggest a sideways bias if ONDOIDR remains within its recent range.

MACD & RSI

MACD remained largely flat with no clear divergence, while RSI showed a brief overbought condition near 6373 before correcting. This indicates momentum was driven more by short-term spikes than sustained buying pressure.

Bollinger Bands

Volatility remained relatively constrained for much of the session, with price only expanding beyond the bands during the late morning rally. By the close, price had retraced closer to the lower band, suggesting potential for further downside but with limited bearish conviction.

Volume & Turnover

Volume was minimal during the consolidation phase but spiked at 02:30 ET and again at 14:30 ET, coinciding with notable price swings. Turnover was low overall, indicating limited participation despite directional movement.

Fibonacci Retracements

Key Fibonacci levels from the swing low at 6297 to the high at 6373 suggest potential support at 6362 (23.6%) and 6349 (38.2%). A retest of 6362 may trigger a bounce, but a break below 6298 could open the door to further declines.

ONDOIDR appears to be testing its range boundaries, with buyers and sellers showing little conviction. The next 24 hours may see renewed attempts to break above 6373 or test 6297, but low volume and turnover suggest broader market uncertainty. Investors should watch for a clear breakout or breakdown to confirm direction.