Market Overview: SafePal/Tether 24-Hour Movement on 2025-12-26

Summary
• Price declined sharply to $0.3057 on a large-volume bearish reversal from $0.3122.
• RSI and MACD confirmed oversold territory following the sustained downward move.
• Volatility spiked with a 0.313–0.3056 range, but recent contraction hints at consolidation.
• A key support at $0.3062–0.3066 appears firm, with potential for a short-term rebound.

At 12:00 ET–1 on 2025-12-25, SafePal/Tether (SFPUSDT) opened at $0.3125, reached a high of $0.3143, and closed at $0.3113 at 12:00 ET on 2025-12-26 after touching a low of $0.3056. Total volume reached 110,754, with a turnover of $34,360.62.

Structure & Formations

Price broke below key support at $0.3093 and tested $0.3062, where a consolidation phase emerged. A bearish engulfing pattern formed near $0.3076–0.3065, reinforcing the downtrend. A potential reversal could form if price holds above $0.3062–0.3066.

MACD & RSI

The MACD line dropped below zero and remained negative, confirming bearish momentum. RSI entered oversold territory below 30 for several hours, suggesting possible near-term exhaustion in the downward move.

Bollinger Bands

Volatility expanded significantly with a 0.313–0.3056 range before narrowing to a $0.3096–0.3101 band. Price currently sits near the lower band, suggesting a possible bounce or further consolidation.

Volume & Turnover

Volume surged to 110,754 in the final 5-minute candle, coinciding with a sharp drop from $0.3122 to $0.3097. Turnover rose in sync with volume, confirming the bearish breakdown rather than divergence.

Fibonacci Retracements

The recent 0.3122–0.3056 swing shows $0.3062 as a 61.8% retracement level, which currently supports price. A break below this level could see price testing $0.3047 (78.6%).

The price appears to be in a consolidation phase near key support, suggesting a potential rebound could emerge if momentum stabilizes. Traders should remain cautious of a further breakdown if volume increases on a retest of $0.3062–0.3066.