Summary
• Price broke key resistance around $0.000249–0.000250 after a consolidation phase, ending near $0.0002496.
• RSI reached 58, indicating moderate momentum with no overbought warning, while MACD showed a bullish crossover.
• Volatility increased, with a 5-min high of $0.0002525 and volume spiking to $125.76 million at the peak.
• Bollinger Bands expanded, suggesting a continuation phase after a period of contraction.
• Fibonacci levels at 38.2% and 61.8% aligned with key resistance levels, reinforcing the $0.000249–0.000250 cluster.
Spell Token/Tether (SPELLUSDT) opened at $0.0002476 on 2025-12-15 at 12:00 ET, reached a high of $0.0002525, a low of $0.0002416, and closed at $0.0002496 on 2025-12-16 at 12:00 ET. The 24-hour volume totaled 125.76 million, with a notional turnover of $32.52 million.
Structure & Formations
The price broke through a key consolidation zone between $0.000247 and $0.000249, with a bullish engulfing pattern forming near the $0.0002469–0.0002470 level. A potential double-bottom structure developed between $0.0002416 and $0.0002434, suggesting a strong base of support. The $0.000249–0.000250 range appears to be acting as a new key resistance zone, now being tested.
Moving Averages
On the 5-minute chart, the price closed above the 20-period and 50-period moving averages, reinforcing the short-term bullish bias. Daily MAs such as the 50, 100, and 200-period lines remain well below the current price, indicating a potential divergence in short and long-term sentiment.
MACD & RSI
MACD crossed into positive territory with a bullish signal line crossover, supporting the recent upward thrust. RSI remained in neutral to moderately bullish territory at 58, with no signs of overbought conditions. The momentum appears to be building but not yet at a level to suggest a reversal.
Bollinger Bands
Bollinger Bands expanded as price moved away from the consolidation phase, with the current close near the upper band at $0.0002496. This suggests a continuation pattern is in place, with a potential for a retest of the upper band as a resistance-turned-support level.
Volume & Turnover
The highest volume spike occurred at 16:45 ET with a massive 125.76 million traded, coinciding with a price drop from $0.0002518 to $0.0002498. The increase in volume confirmed the move rather than contradicting it, supporting the bullish breakout narrative. Turnover and price action remained aligned, with no signs of divergence.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from $0.0002416 to $0.0002525, the current price is near the 61.8% retracement level at $0.0002492–0.0002495.
This area aligns with the resistance level mentioned earlier, which may either hold or break to continue the upward move.
The move above the consolidation range and the bullish momentum suggest a possible continuation toward $0.0002525, with a key test of the $0.000250–0.000251 zone ahead. However, a breakdown below $0.000248–0.000249 could indicate a short-term pullback. Investors should watch for volume confirmation and divergences in the next 24 hours.
Comments
No comments yet