Market Overview for ssv.network (SSVUSDT) – 24-Hour Summary

• SSVUSDT surged to a 24-hour high of $8.47 before consolidating, indicating strong bullish momentum.
• A key resistance appears at $8.47–8.51, with support likely near $8.25–8.28.
• Volume spiked during the midday rally, confirming price action.
• RSI suggests overbought conditions at the high, while Bollinger Bands show increased volatility.
• A potential Fibonacci 61.8% retracement level is near $8.28, aligning with recent support.

Market Overview

ssv.network (SSVUSDT) opened at $8.00 on 2025-08-03 at 12:00 ET, surged to a high of $8.47, and closed at $8.42 by 12:00 ET on 2025-08-04. Total volume reached 173,887.34 SSV, with a notional turnover of $1,459,501. The rally was most pronounced after 14:00 ET, when price broke above $8.40.

Structure & Formations

The 15-minute chart shows a strong bullish impulse with a high of $8.47 followed by a consolidation phase. A bullish engulfing pattern emerged at 14:15 ET, confirming the breakout above $8.40. A key support zone appears at $8.28–8.30, with a potential 61.8% Fibonacci retracement aligning with this level.

Moving Averages

On the 15-minute chart, the 20-period MA moved higher during the rally, confirming the bullish trend. The 50-period MA lagged behind but showed a steep upward turn, suggesting the trend may remain intact for the next few hours. Daily moving averages (50, 100, 200) are not provided, but the 15-minute MAs indicate a strong short-term bias to the upside.

MACD & RSI

The MACD histogram expanded during the midday rally, confirming the strength of the move. RSI reached overbought territory at 75 during the high at $8.47, suggesting a potential pullback or consolidation. A bearish divergence in RSI is not yet evident, but traders should watch for a failure to break above $8.47 without a corresponding RSI move.

Bollinger Bands

Bollinger Bands expanded during the rally, reflecting increased volatility. Price reached the upper band at $8.47, suggesting a potential retest or pullback. The lower band sat around $8.22–8.25, which was a key support during earlier consolidation phases.

Volume & Turnover

Volume surged during the breakout above $8.40, peaking at 173,888 SSV during the 14:15–14:30 ET period. Notional turnover also spiked in line with price, indicating strong conviction in the move higher. A divergence between price and volume is not currently present, supporting the idea that the rally is still intact.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $8.00 to $8.47, the 61.8% retracement level is at $8.28. This aligns with observed support during the consolidation phase, suggesting a high probability of price finding buyers near this level if a pullback occurs.

The next 24 hours may see SSVUSDT consolidate or attempt a retest of $8.47–8.51. A failure to break above $8.50 without confirmation may signal a near-term top. Investors should remain cautious of overbought conditions and watch for a potential pullback toward $8.28–8.30 as key support.