Summary
• Price dropped from 1.363 to 1.280, with key resistance at 1.345 and support near 1.280.
• Volatility expanded, with volume surging in the early session before tapering off.
• RSI and MACD suggest overbought conditions have reversed, pointing to bearish momentum.
• A bearish engulfing pattern formed near 1.345, followed by a potential 61.8% Fibonacci retracement at 1.293.
• Bollinger Bands show price trading near the lower band, signaling oversold territory and possible rebound.
Render/Tether (RENDERUSDT) opened at 1.315 on 2025-12-19 at 12:00 ET, reached a high of 1.363, and closed at 1.295 on 2025-12-20 at 12:00 ET, with a low of 1.280. Total volume was 1,381,424.82, and notional turnover amounted to approximately $1.81M.
Structure & Key Levels
Price action showed a bearish reversal at key resistance of 1.345, with
a bearish engulfing pattern emerging. Support appears to be forming at 1.280, with the 61.8% Fibonacci retracement of the recent 5-min rally currently around 1.293. A break below 1.280 could accelerate further downward pressure, while a rebound above 1.305 may indicate short-term buyers stepping in.
Volatility and Momentum
Bollinger Bands reflected a notable expansion during the early session, with prices touching the lower band in the last four hours, signaling potential oversold conditions. MACD turned negative, confirming bearish momentum. RSI dipped below 30 during the overnight hours, suggesting a possible near-term bounce, though it remains in oversold territory.
Volume and Turnover
The highest volume occurred around the 1.363 high, with a spike of over 137,076 units. Turnover was uneven, with a decline in activity as price moved lower. A divergence between price and turnover in the afternoon suggests waning selling pressure, but confirmation above 1.305 is needed for bullish conviction.
The market appears to be consolidating near 1.295, with a potential test of the 1.305 level in the near term. A sustained break below 1.285 could trigger renewed bearish sentiment. Investors should remain cautious as volatility remains elevated and key support levels are in play.
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