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Summary
• Price surged to 0.01225 amid strong volume, forming a bullish breakout pattern above key resistance.
• Volatility expanded as price moved beyond Bollinger Bands, with RSI entering overbought territory.
• Volume and turnover aligned with the upward move, with no significant divergence observed.
• Fibonacci retracement levels at 0.01186 and 0.01175 acted as key support during pullbacks.
• A long lower shadow at 0.01173 suggests rejection at a prior support level, reinforcing bullish momentum.
24-Hour Summary
SKALE/Tether (SKLUSDT) opened at 0.01134 on 2025-12-12 at 12:00 ET, surged to a high of 0.01225, and closed at 0.01177 on 2025-12-13 at 12:00 ET, with a low of 0.01143. Total volume for the period was 109,473,843.0, and notional turnover amounted to 1,257.32.
Structure & Trends
The price action displayed a clear bullish breakout from a consolidation range, with a high of 0.01225 forming above a previous resistance cluster. The move was supported by a strong volume spike, particularly during the 13:30–13:45 ET window, which saw a large candle extending from 0.0118 to 0.01225. A bearish correction below 0.01190 tested key Fibonacci retracement levels at 0.01186 and 0.01175, which appeared to hold, reinforcing the bullish bias.
Momentum and Volatility
MACD showed a strong positive crossover with expanding histogram bars, confirming the bullish momentum. RSI entered overbought territory above 70 during the peak of the rally, suggesting potential for a pullback. Bollinger Bands showed a noticeable expansion following the breakout, with the price closing near the upper band, indicating increased volatility.
Volume and Turnover
Volume surged significantly during the breakout phase, reaching over 9 million at one point, and remained elevated during pullbacks, confirming conviction in the move. Notional turnover increased in tandem with volume, with no divergence observed. The most active period was between 13:30–14:45 ET, during which the asset traded above 0.01190 with strong buyer participation.
Forward-Looking Observations
The breakout above 0.01225 could see a test of 0.01235 resistance in the next 24 hours, with RSI and volume remaining critical to confirm sustained momentum. A retest of 0.01175 is likely to occur, offering a key support zone to watch for short-term directional bias. Investors should remain cautious of overbought conditions and potential pullbacks, especially if volume begins to wane.
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