Summary
• Price formed a bullish engulfing pattern near 1.143 on the 5-minute chart.
• Volatility expanded during the early part of the session before consolidating.
• RSI signaled oversold conditions, while volume surged near the daily low.
• A key support level appears to have held at 1.137–1.142 with positive divergence.
• Price closed near 1.097, showing a recovery from earlier bearish momentum.
Raydium/Tether (RAYUSDT) opened at 1.16 on 2025-12-10 12:00 ET and closed at 1.097 as of 12:00 ET on 2025-12-11, hitting a high of 1.206 and a low of 1.11. Total 24-hour volume reached 1,928,647.8 units, with a notional turnover of approximately 2.32 million USD.
Structure and Candlestick Formations
A bullish engulfing pattern emerged at the daily low near 1.143, suggesting short-term buying pressure. A key support zone between 1.137 and 1.142 held multiple times, showing resilience. A doji near 1.147 at the session open signaled indecision, followed by a bearish breakdown.
Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart diverged during the early part of the session, with price testing the 50SMA as a dynamic resistance. The 50-period daily SMA currently sits above the 200-period, indicating a potential shift in medium-term momentum. The MACD line turned negative mid-session but showed signs of stabilizing toward the close.
Volatility and Bollinger Bands
Volatility spiked in the early hours, with price breaking above the upper Bollinger Band at 1.206 before contracting and trading within a narrower range. By the session’s end, price was near the middle band, suggesting consolidation.
Volume and Turnover Analysis
Volume surged during the bearish leg below 1.15, confirming the move lower. However, a divergence emerged between volume and price during the recovery from 1.142 to 1.184, indicating potential indecision. Notional turnover remained elevated throughout the session, with the highest amounts seen during the morning bearish thrust.
Fibonacci Retracements
Key Fibonacci levels from the 1.11 to 1.206 swing showed 61.8% retracement at approximately 1.169 and 38.2% at 1.145. Price tested the 38.2% level twice, with both attempts failing to break through, hinting at strong resistance.
Looking ahead, RAYUSDT may attempt to retest key support at 1.137 and resistance at 1.169 over the next 24 hours. Investors should remain cautious as volatility remains high, and divergence in price and volume could signal a potential reversal or continuation.
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