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Summary
• Price action remained narrowly range-bound near 0.9993–0.9998 with limited directional bias.
• Volume remained subdued, though a late-night spike at 04:45 ET saw a sharp rebound.
• RSI and MACD showed no clear divergence, suggesting equilibrium with no overbought or oversold conditions.
• Key support and resistance levels at 0.9993 and 0.9996 appear to be stabilizing the pair.
At 12:00 ET on 2025-12-14, Pax Dollar/Tether (USDPUSDT) opened at 0.9996, reached a high of 0.9998, and a low of 0.9993, closing at 0.9993. Total volume for the 24-hour period was 33,708.0 units, with notional turnover averaging tightly within a narrow band.
Structure & Formations
The pair remained tightly clustered between 0.9993 and 0.9998, with no significant breakouts. A small bullish engulfing pattern emerged briefly at 23:15 ET and again at 04:45 ET, but failed to carry momentum forward. Doji candles in the late morning indicated indecision. Key support at 0.9993 and resistance at 0.9996 appear to be anchoring the price.
Technical Indicators
MACD remained flat, with no divergence from price, while RSI hovered around the midpoint, reflecting equilibrium. Bollinger Bands narrowed in the early hours, indicating low volatility, before expanding slightly during the rebound. No overbought or oversold conditions were observed.
Volume and Turnover
Trading volume was generally low until a sharp spike at 04:45 ET, with 2,145.0 units traded in a short rebound. Notional turnover remained tightly coupled with price, with no clear divergence. The largest single 5-minute trade volume was 5,107.0 at 05:00 ET, contributing to a minor rebound.
Fibonacci Retracements
On the 5-minute chart, Fibonacci retracement levels suggested a potential pivot at 0.9995 (61.8%) and 0.9993 (38.2%) during minor intraday swings. These levels coincided with observed consolidation areas.

Traders may watch for a potential test of 0.9996 resistance or a pullback below 0.9993 in the next 24 hours. A sustained break beyond these levels could signal a shift in sentiment. As always, caution is advised due to the low liquidity and potential for sudden, volume-driven moves.
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