Market Overview for ssv.network/Bitcoin (SSVBTC)

Summary
• Price consolidated in a tight range until a late morning sell-off triggered a 0.66% decline.
• Volatility expanded in the early hours of 2025-12-16, with a 2.1% intraday swing from $3.793e-05 to $3.696e-05.
• A bearish engulfing pattern formed at 18:45 ET, confirming a shift in momentum to sellers.
• Volume spiked to 258.14 at the same hour, supporting the bearish breakout with strong selling pressure.
• RSI crossed below 50, indicating a potential pullback could follow a short-term bounce.

The 24-hour session for ssv.network/Bitcoin (SSVBTC) opened at $3.816e-05 on 2025-12-15 at 12:00 ET, reached a high of $3.793e-05, dipped to $3.696e-05, and closed at $3.735e-05 on 2025-12-16 at 12:00 ET. Total volume traded was 1,700.35, with notional turnover estimated at $62.63.

Structure and Key Levels

Price found resistance at $3.793e-05 and support at $3.696e-05 during the session. A bearish engulfing pattern formed at $3.75e-05 to $3.728e-05, signaling a potential reversal. A small doji appeared near the session low, suggesting indecision among buyers.

Moving Averages

On the 5-minute chart, the 20-period moving average crossed below the 50-period line in the afternoon, confirming a bearish bias. No daily MA signals were evident due to the narrow range, though the 200-day MA may offer psychological support in the medium term.

Momentum and Volatility

The RSI declined from 59 to 48 during the session, indicating a shift in momentum. MACD crossed into negative territory, with a bearish histogram. Volatility expanded with a Bollinger Band width of 0.88% after the 18:45 ET sell-off, with price closing near the lower band.

Volume and Turnover

A volume spike of 258.14 was recorded at 18:45 ET as price broke below $3.75e-05. Notional turnover followed the volume pattern, confirming the bearish breakout. Divergences were minimal, suggesting price and volume aligned.

Fibonacci Retracements

The 0.618 Fibonacci level from the 18:45 ET swing sits near $3.713e-05, which may offer near-term support. A bounce above $3.754e-05 could retest the 0.382 level at $3.764e-05.

A pullback to test $3.713e-05 may offer short-term value for buyers, but traders should remain cautious as oversold conditions have not yet developed. Increased volatility ahead could trigger a test of key Fibonacci levels.