AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price fell from 1.294 to 1.23, forming bearish divergences and a bearish engulfing pattern near 1.26.
• RSI reached oversold territory at 27, suggesting a possible short-term bounce but weak broader momentum.
• Volume spiked during the 05:45–06:00 ET selloff, confirming bearish pressure.
• Bollinger Bands widened as volatility surged, with price hitting the lower band at 1.23.
• Fibonacci levels at 1.237 (38.2%) and 1.227 (61.8%) appear to offer key near-term support.
At 12:00 ET on 2025-12-24, Render/Tether (RENDERUSDT) opened at 1.28, hit a high of 1.294, a low of 1.217, and closed at 1.247. Total 24-hour volume was 1,532,904.11, with a turnover of approximately $1,904,584.

Looking ahead, a test of the 1.23–1.235 range could trigger either a rebound or a continuation lower. Investors should monitor for a reversal candle or a break below 1.227, but be cautious of potential whipsaw movements given the low liquidity currently observed.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.24 2025

Dec.24 2025

Dec.24 2025

Dec.24 2025

Dec.24 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet