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Summary
• Price tested key support near 1.470–1.480 and bounced with increased volume.
• RSI and MACD showed bearish momentum fading as buyers re-entered.
• Volatility expanded with price breaking above the Bollinger Bands mid-day.
• A bullish engulfing pattern formed after a deep retest of the 50-period moving average.
• Turnover spiked 3x during the 10:00–11:00 ET recovery phase.
Qtum/Tether (QTUMUSDT) opened at 1.530 on 2025-12-09 12:00 ET, touched a high of 1.544 and a low of 1.470, and closed at 1.484 by 12:00 ET on 2025-12-10. Total volume was 87,809.8 and turnover amounted to 133,436.9.
Structure & Moving Averages
Price found support at the 1.470–1.480 level, a confluence of the 50-period moving average and a prior swing low. On the 5-minute chart, the 20-period MA crossed above the 50-period MA, signaling potential short-term strength. The daily chart shows the 50-period MA at 1.502, suggesting a possible retest to the upside over the next 24 hours.
Momentum and Volatility Indicators
The RSI bottomed near 28 during the midday decline and rose to 46 by the close, indicating a potential shift in momentum. MACD showed a bearish crossover early in the session, but the negative histogram has shrunk as buyers regained control. Bollinger Bands expanded after 10:00 ET, with price moving above the upper band, suggesting rising volatility and potential continuation.
Volume and Turnover Analysis
Volume spiked significantly between 10:00–11:00 ET, confirming a bullish reversal as price recovered from 1.470 to 1.484. Turnover during this period was three times the average, reinforcing price action. Divergences between price and volume were minimal, suggesting strong conviction in the recent rally.
Fibonacci Retracements
A key 61.8% retracement level was observed at 1.478, coinciding with the 50-period MA and the recent support zone. Price has stalled slightly above this level, suggesting it may act as a short-term floor. The 38.2% retracement at 1.490 could serve as a potential resistance if the rally continues.
The market appears to be consolidating gains after a deep correction, with buyers showing resilience above 1.470. If volume sustains above 300 per 5-minute bar, further upside may follow. However, a retest of the 1.470 level with declining volume could signal renewed bearish pressure. Investors should monitor the 50-period MA and Bollinger Band dynamics for early signs of a trend shift.
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