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Summary
• Price declined from 0.0259 to 0.0244 before rebounding to 0.0257, forming a bullish reversal pattern.
• Volume surged during the selloff but failed to confirm a breakout, suggesting indecision.
• RSI dipped near oversold levels, while MACD showed a narrowing bearish divergence.
• Bollinger Bands expanded after a contraction, indicating heightened volatility.
• A key support level at 0.0244 was tested and held, with no significant breakdown.
At 12:00 ET–1, Space and Time/Tether (SXTUSDT) opened at 0.0257, reached a high of 0.0259, and a low of 0.0242 before closing at 0.0253. Total volume was 10,148,362.7, and turnover was $252,897. The price action reflected a volatile 24-hour period with notable support and resistance levels.
Structure and Candlestick Formations
A clear bearish breakdown attempt occurred between 19:00 and 20:00 ET, with a sharp drop from 0.0248 to 0.0241, forming a long lower shadow. This was followed by a bullish reversal pattern as price rebounded above 0.0244.

Moving Averages and Momentum
The 5-minute 20-period and 50-period moving averages showed a bearish crossover early in the session but reversed to a bullish cross by midday. On the daily chart, the 50-period MA sits above the 100 and 200-period lines, indicating a potential bearish bias. RSI briefly hit oversold levels (below 30), suggesting a possible bounce, while MACD showed a narrowing bearish divergence, hinting at a potential trend reversal.
Volatility and Bollinger Bands
Volatility expanded significantly between 01:15 and 02:30 ET, as the price moved outside the upper Bollinger Band. This was followed by a contraction, indicating a period of consolidation. Price then remained within the bands, with the 0.0244 level acting as a key support area.
Volume and Turnover Analysis
High volume was observed during the sharp decline from 0.0248 to 0.0241, with turnover peaking at $24,000. However, a lack of follow-through in the form of a breakdown below 0.0244 suggested weak conviction in the bearish move. A divergence between price and volume occurred after 03:00 ET, with rising price but declining volume, hinting at weakening bullish momentum.
Key Fibonacci Levels
Applying Fibonacci retracement to the major 5-minute swing from 0.0241 to 0.0257, the price found initial support at the 61.8% level (0.0244) and tested the 78.6% level (0.0252) in the late session. The 50% retracement level at 0.0249 appears to be a key area for near-term direction.
The price may test the 0.0253–0.0257 resistance zone in the next 24 hours, with a possible pullback if volume remains weak. Investors should monitor the 0.0244 support level closely, as a breakdown could re-ignite bearish momentum.
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