Market Overview: Polkadot/Tether (DOTUSDT) on 2025-12-24

Wednesday, Dec 24, 2025 3:00 pm ET1min read
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- DOT/USDT traded between $1.72-$1.78 with consolidation patterns near key support/resistance levels.

- Increased volume at $1.723 and bearish engulfing patterns suggest potential downward continuation.

- RSI in neutral range (45-60) and expanding Bollinger Bands indicate mixed momentum and short-term uncertainty.

- 50-period MA above 100/200-period lines and Fibonacci 61.8% level at $1.767 reinforce short-term bearish bias.

- Price remains within consolidation range; break below $1.72 or above $1.765 could signal new directional trend.

Summary
• Price fluctuated between $1.72 and $1.78 on

, forming multiple consolidation patterns.
• Increased volume and volatility near key resistance levels suggest potential breakout or reversal.
• RSI remains in neutral territory, with no clear overbought or oversold signals.
• Bollinger Bands show a recent expansion, indicating elevated short-term market uncertainty.
• MACD trend remains near zero, signaling a mixed momentum outlook.

Market Overview

Polkadot/Tether (DOTUSDT) opened at $1.757 on 2025-12-23 12:00 ET and closed at $1.732 by 2025-12-24 12:00 ET. The price reached a high of $1.783 and a low of $1.716 during the 24-hour period. Total 5-minute volume was approximately 1,487,288.89 and notional turnover was roughly $2.58 million.

Structure & Formations

Price action revealed several key support levels near $1.73–$1.74 and resistance in the $1.76–$1.78 range. A notable bearish engulfing pattern formed around 2025-12-23 22:30 ET, followed by a small bullish reversal at $1.73. A doji appeared near $1.764, signaling indecision, and a larger doji at $1.746 suggests a potential pause in the downward momentum.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed multiple times, reflecting choppy momentum. On the daily chart, the 50-period MA sat slightly above the 100- and 200-period lines, indicating mild bullish bias over a longer timeframe.

MACD & RSI

The MACD remained centered around the signal line, with no clear directional bias. RSI stayed in the 45–60 range for much of the session, indicating balanced buying and selling pressure. No overbought or oversold conditions were observed during the 24-hour window.

Bollinger Bands

Bollinger Bands showed a period of contraction around 19:30 ET, followed by a sharp expansion as price broke below the midline and approached the lower band. Price closed near the 1.73–1.74 range, still within the upper and lower bands, suggesting ongoing consolidation.

Volume & Turnover

Volume spiked sharply around 23:30 and 05:45 ET as price moved lower toward $1.723, with turnover confirming the bearish move. The largest single 5-minute volume was recorded at 19:30 ET (362,791.28), though the corresponding close was a bearish move to $1.758.

Fibonacci Retracements

A key 5-minute swing from $1.757 to $1.783 saw a retest of the 61.8% Fibonacci level at $1.767, which held briefly before a breakdown toward $1.723. The 38.2% level at $1.772 also showed resistance, reinforcing the short-term bearish bias. On the daily chart, retracement levels from the recent high at $1.783 suggest a potential target near $1.72–$1.73 for a continuation of the downtrend.

Polkadot/Tether (DOTUSDT) appears to be consolidating within a tighter range, with price bouncing between key support and resistance levels. A break below $1.72 or above $1.765 could provide a clearer directional signal. Investors should monitor volume and RSI divergence for confirmation of a potential reversal or continuation.