Market Overview for Scroll/Rupiah on 2025-12-25

Summary
• Price surged from 1120.1 to 1261.9 on a bullish reversal pattern and volume spike.
• Momentum confirmed by RSI and MACD, with price above key moving averages.
• Volatility expanded with Bollinger Band breakouts and consolidation at current levels.
• Volume confirmed the breakout, though turnover remains uneven.
• Fibonacci retracements suggest 1240.0 as a key pivot, with 1261.9 as a potential target.

The Scroll/Rupiah (SCRIDR) pair opened at 1120.1 on 2025-12-24 12:00 ET, surged to a high of 1261.9, and closed at 1261.9 on 2025-12-25 12:00 ET. The total volume was 3,671.8 and turnover amounted to approximately 4,573,320.1 Rupiah over 24 hours.

Structure & Moving Averages

The price formed a clear bullish reversal structure, breaking above a key horizontal resistance at 1194.1, then extending further to 1261.9. The 20-period and 50-period moving averages on the 5-minute chart were decisively breached to the upside, with the 50-period line now acting as a dynamic support. On the daily chart, the pair appears to be forming a bullish trend, with the 50-period MA likely providing near-term support.

Momentum & Volatility

The Relative Strength Index (RSI) showed a strong momentum move, climbing from the mid-30s into the 60s before stabilizing, indicating potential continuation of the bullish trend. The MACD line crossed above the signal line with a positive histogram, confirming upward momentum. Volatility expanded sharply during the 5-minute chart’s breakout phase, pushing prices outside Bollinger Bands to the upper edge, with the current price hovering just below the top band.

Volume and Fibonacci Levels

A significant volume spike occurred at 09:00 ET when the pair broke above 1240.0 and extended to 1244.8, followed by a smaller but still meaningful volume pulse at 09:30 ET when the high of 1261.9 was recorded. The volume confirmed the breakout, with no major divergence observed between price and turnover. Fibonacci retracements from the key 5-minute swing show that 1240.0 acted as a minor pivot, with the 61.8% level at 1261.9 now in play as a potential resistance or target.

Forward-Looking View and Risk

The current setup appears to favor continuation above 1261.9, with the next psychological target near 1280.0. However, a pullback to retest the 1240.0 level could occur, particularly if volume shows signs of fatigue. Investors should watch for any bearish divergence in RSI or volume contraction, which may signal a reversal or consolidation phase ahead.