AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price moved between 1.783 and 1.823, with key resistance near 1.815 and support near 1.795.
• Momentum shifted back toward the upper band late in the session, with RSI suggesting moderate overbought conditions.
• Volume increased notably during the final 45-minute window, confirming the upward move.
• A bullish engulfing pattern formed near 1.802-1.805 before the final 5-minute close.
• Bollinger Bands showed moderate expansion, with price closing near the upper band.
PancakeSwap/Tether (CAKEUSDT) opened at 1.803 on 2025-12-23 12:00 ET, touched a high of 1.823, a low of 1.783, and closed at 1.802 by 2025-12-24 12:00 ET. Total volume was 1,053,486.62, and turnover reached $1,897,322.13 over the 24-hour window.

Fibonacci retracements applied to the 1.783–1.823 swing suggest key potential levels at 1.810 (38.2%) and 1.805 (61.8%) for near-term support. A break below 1.798 would target the next Fibonacci level at 1.793.
Over the next 24 hours, price may test the 1.805-1.810 zone for consolidation or a potential breakout. A failure to hold above 1.798 could increase bearish pressure, though buyers appear ready to defend key levels. Investors should monitor RSI and volume for confirmation of any directional shift.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.24 2025

Dec.24 2025

Dec.24 2025

Dec.24 2025

Dec.24 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet