Summary
• Price tested key support levels before a late-night rally pushed RedStone/Tether above 0.2740.
• Strong divergence emerged in volume and turnover after 22:00 ET as price moved lower.
• A bullish engulfing pattern formed after 02:00 ET, suggesting short-term bullish momentum.
• RSI and MACD signaled oversold conditions, but price failed to hold above 0.2661.
RedStone/Tether (REDUSDT) opened at 0.2735 on 2025-12-10, reached a high of 0.2790, and a low of 0.2561 before closing at 0.2586 on 2025-12-11. Total volume amounted to 1,898,467.5 with a turnover of $522,188.
Structure & Formations
The price action formed a bullish engulfing pattern around 02:00 ET, signaling a potential reversal from a bearish trend. Key support levels held at 0.2661 and 0.2561, with resistance forming near 0.2740. A doji formed at 22:00 ET, hinting at indecision and a potential trend pause.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages showed a flattening trend, suggesting momentum may be stabilizing. RSI dipped into oversold territory below 30 after 23:00 ET, but price failed to follow through with a strong rebound. MACD remained in negative territory, with a weak bullish crossover forming late at night.
Volatility and Bollinger Bands
Volatility expanded significantly as price moved from 0.2661 to 0.2790 overnight, with a noticeable contraction forming before the close. Price settled near the lower band on Bollinger Bands, suggesting further downward movement could be in play if this level breaks.
Volume and Turnover Analysis
Volume spiked heavily during the bearish phase, particularly between 19:00 and 21:00 ET, confirming the move lower. However, turnover during the subsequent bullish rebound was relatively weak, raising questions about follow-through buying strength. Divergence between volume and price suggests caution for near-term buyers.
Fibonacci Retracements
Fibonacci levels identified a key 61.8% retracement at 0.2678, which acted as a temporary resistance. A 38.2% retracement at 0.2707 failed to hold as the price retested lower levels. The 50% level at 0.2695 appears to be a critical area for near-term price direction.
Over the next 24 hours, RedStone/Tether may test 0.2695 and 0.2740 as key resistance levels, with a breakdown below 0.2561 increasing bearish probabilities. Investors should closely monitor volume behavior and RSI divergence to assess momentum sustainability.
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