Summary
• Price fell 0.97% on declining volume and oversold RSI conditions.
• A bearish engulfing pattern formed near 0.002663, suggesting downward bias.
• Volatility expanded after 19:00 ET with a 0.000035 range.
• Bollinger Bands showed contraction before 20:00 ET, followed by break lower.
• Turnover peaked at 163,347.19 USD at 20:00 ET but failed to confirm a bounce.
Reserve Rights/Tether (RSRUSDT) opened at 0.002657 on 2025-12-28 and closed at 0.002598 by 12:00 ET on 2025-12-29, with a high of 0.002677 and low of 0.00255. The 24-hour volume totaled approximately 107,147,412.80 tokens, with a notional turnover of 275,039.27 USD.
Structure & Formations
A bearish engulfing pattern formed at 18:30 ET with a close at 0.002614 after a high of 0.002628. This, combined with a key support level at 0.002592, appears to confirm a downward bias. A doji formed at 03:15 ET (0.002677), indicating indecision during the overnight bullish push. The 0.00263–0.00265 zone acted as a resistance barrier, while 0.00257–0.00260 served as a support cluster.
Moving Averages
On the 5-minute chart, price broke below the 20 and 50-period moving averages by mid-session, reinforcing a bearish momentum shift. Daily moving averages (50/100/200) were not directly calculable from the input data, but the trend appears to align with a broader consolidation phase.
MACD & RSI
The RSI reached 25 by 19:00 ET, indicating oversold conditions, but failed to trigger a strong rebound. MACD crossed below the signal line around 17:00 ET, confirming a bearish divergence. Momentum weakened progressively after 20:00 ET, with no clear signs of reversal.
Bollinger Bands
Bollinger Bands showed a tight contraction from 17:00 to 19:30 ET, followed by a sharp expansion as price broke down through the lower band by 20:00 ET. This suggests a potential breakout or exhaustion in the short-term range trading.
Volume & Turnover
Volume surged at 23:45 ET (0.002606) and 05:45 ET (0.002669), but price failed to sustain the highs, indicating potential selling pressure. Turnover spiked at 20:00 ET with 163,347.19 USD in trades, but this failed to confirm a bullish bounce.
Fibonacci Retracements
A key 61.8% Fibonacci retracement level at 0.002592–0.002606 aligned with the final support tested near 0.002598, suggesting this may be a near-term floor. A 38.2% retracement at 0.002625 acted as resistance during the overnight push.
The price may test the 0.00257–0.00258 area in the next 24 hours, where a bounce or reversal could emerge if buyers step in. However, bearish momentum remains strong, and any short-term rebounds may face immediate profit-taking pressure. Investors should monitor volume and RSI divergence for early reversal signals.
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