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Summary
• Price tested 1.435 high and fell to 1.371 low before closing at 1.422.
• Volatility spiked mid-day, with a peak at 1.442, followed by a pullback.
• RSI signaled overbought levels around 1.425, hinting at potential pullback.
• Bollinger Bands widened in the morning, narrowing after 14:00 ET as momentum faded.
• Volume surged during the 13:45–14:00 ET period, coinciding with a 1.435 high.
Render/Tether (RENDERUSDT) opened at 1.402 on December 15 at 12:00 ET, reached a high of 1.442, dipped to a low of 1.371, and closed at 1.422 at 12:00 ET on December 16. Total volume was 2.28 million, with a turnover of approximately $3.22 million during the 24-hour window.
Structure & Formations
Price formed a bullish engulfing pattern after hitting a morning low near 1.371, signaling a short-term reversal. A key support level appeared at 1.38–1.39, holding multiple times during the pullbacks. Resistance at 1.42–1.44 faced repeated tests, with a bearish dark cloud cover forming after the 1.442 high.
Moving Averages and Momentum
On the 5-minute chart, the 20-EMA crossed above the 50-EMA (golden cross) in the early morning, supporting the upward push to 1.442. The 50-EMA became a key resistance as price approached it.

Bollinger Bands and Volatility
Volatility expanded in the early hours as price moved between the upper and lower Bollinger bands. A mid-day contraction suggested a potential pause in momentum, while the closing hour saw a retest of the lower band before closing near the 20-EMA.
Volume and Turnover
Volume surged during the 13:45–14:00 ET hour, coinciding with the 1.435 high, but declined as the rally stalled. The volume profile showed a divergence from price after 16:00 ET, as the price continued higher without strong volume, raising questions about sustainability.
Fibonacci Retracements
A key 61.8% Fib level at 1.416 was retested multiple times during the day. Price found temporary support at 1.395 (38.2%) and resistance at 1.422 (61.8%) during the 5-minute swings, suggesting continuation or consolidation could be in play.
Looking ahead, traders may watch for a test of the 1.42–1.44 resistance zone and whether volume can confirm a breakout. A retest of 1.39–1.40 support could indicate a short-term pullback, though a break below 1.385 could shift sentiment bearish. Investors should remain cautious about divergences between price and volume in the next 24 hours.
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