Market Overview for SafePal/Tether (SFPUSDT)

Summary
• SFPUSDT tested 0.2923 and 0.3056 levels; failed to break above 0.3060.
• Volume surged to 404,130 at 17:00 ET, confirming bearish reversal.
• RSI signaled overbought conditions at 0.3060, then reversed downward.
• Bollinger Bands widened during 14:00–17:00 ET, showing increased volatility.
• Fibonacci retracement of the 0.2883–0.3059 move targets 0.2963 as key support.

Market Overview

SafePal/Tether (SFPUSDT) opened at 0.3078 on 2025-12-18 12:00 ET, peaked at 0.3081, and closed at 0.3040 on 2025-12-19 12:00 ET, with a 24-hour volume of 1,147,369. Total turnover was $335,156. The pair remains in consolidation, with a bearish close at 0.3040.

Structure & Moving Averages

SFPUSDT formed a bearish engulfing pattern near 0.3060 and a potential bullish hammer at 0.2923. The 5-minute 20-period MA turned bearish by 16:00 ET, crossing below the 50-period MA. On the daily chart, the 50/200 MA crossover remains neutral, with price hovering just above the 200 MA at ~0.2990.

Momentum and Volatility

MACD turned negative at 15:00 ET, confirming bearish momentum. RSI spiked above 70 at 0.3060 and dropped below 50 by 17:00 ET, indicating oversold pressure. Bollinger Bands widened between 14:00 and 17:00 ET, reflecting heightened volatility and confirming the consolidation phase.

Volume and Turnover

Volume spiked sharply at 17:00 ET (404,130) after a large bearish candle closed at 0.3040, reinforcing bearish sentiment. Turnover rose in tandem with the candle at 14:45–15:00 ET, where a 0.303–0.3060 move occurred. Price and volume confirmed the bearish reversal, with no divergence observed.

Fibonacci Retracements

Key Fibonacci levels from the 0.2883–0.3059 swing are 0.2963 (38.2%), 0.2937 (50%), and 0.2910 (61.8%). Price appears to have found support at 0.2923–0.2929 and may test the 0.2937 level for a potential bounce.

Over the next 24 hours, SFPUSDT could attempt a short-term rebound from 0.2923–0.2937, but a breakdown below 0.2910 may trigger further bearish momentum. Investors should monitor volume for confirmation of any sustained reversal.