AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price fluctuated between 0.3079 and 0.3157 on 5-minute chart with key support at 0.308–0.310 and resistance near 0.312–0.314.
• Momentum shifted multiple times, showing overbought RSI above 70 and oversold below 30, suggesting erratic short-term behavior.
• Volume spiked late at night and dipped during key support tests, hinting at reduced conviction during critical price levels.
• Bollinger Bands expanded during breakout attempts, and price stayed inside the bands, indicating active but bounded volatility.
• A bearish engulfing pattern formed near 0.312, followed by a bullish reversal near 0.3094, highlighting internal indecision.
SafePal/Tether (SFPUSDT) opened at 0.3119 on 2025-12-28 12:00 ET, reached a high of 0.3157, a low of 0.3079, and closed at 0.3094 on 2025-12-29 12:00 ET. Total 24-hour volume was 66354, with a notional turnover of ~$20552.54.
Structure & Candlestick Patterns
Price exhibited a bearish engulfing pattern near the 0.312–0.3125 level early on, followed by a bullish reversal at 0.3094.

Momentum and Volatility
The RSI oscillated sharply between 70 and 30, indicating rapid overbought and oversold conditions. Price moved within expanding Bollinger Bands after 02:00 ET, suggesting growing volatility.
Volume and Turnover Divergence
High volume coincided with price breaks above 0.314 and below 0.308, but lower volume at key support/resistance levels (0.3094–0.3101) implies weak conviction. Turnover spiked during the late-night breakout attempt, but reversed without follow-through.
Fibonacci Retracements and Levels
A key 0.3157–0.3079 swing sees the 61.8% retracement at ~0.3119 and 38.2% at ~0.3134, both of which acted as temporary pivots. Over the next 24 hours, price could test the 0.312–0.313 resistance again if bulls regain control, but a retest of 0.308–0.309 may occur if bearish momentum continues. Investors should watch for volume confirmation on any breakout or breakdown.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.29 2025

Dec.29 2025

Dec.29 2025

Dec.29 2025

Dec.29 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet