Market Overview: ssv.network / SSVUSDT 24-Hour Summary

• Price broke below key support at $9.547, reaching a 24-hour low of $8.913 before consolidating.
• A sharp sell-off emerged post 22:00 ET, marked by a high-volume breakdown candle below $9.547.
• RSI dropped into oversold territory, while MACD showed bearish divergence, suggesting exhaustion or potential rebound.
• Volatility expanded significantly during the selloff, with price compressing toward the lower Bollinger Band in the final hours.
• High turnover in the final 4.5 hours indicates potential short-term reversal or accumulation at lower levels.

Market Overview

At 12:00 ET on 2025-08-25, ssv.network (SSVUSDT) opened at $9.719, hit a high of $10.201, and closed at $9.063 after falling to a low of $8.913. Total volume was 301,015.03, and turnover amounted to $2,835,439. The price action was defined by a bearish breakdown from a multi-hour consolidation phase.

Structure & Formations

The price initially rose to a local high of $10.201 but failed to sustain above $10.00, leading to a sharp reversal. A key breakdown occurred at $9.547 (20-EMA), forming a bearish engulfing pattern. A double-bottom formation emerged near $8.913, hinting at potential near-term support.

Moving Averages

On the 15-minute chart, price has fallen below the 20-EMA and 50-EMA. On the daily chart, SSVUSDT is trading below the 50-, 100-, and 200-day MAs, reinforcing a bearish bias.

MACD & RSI

The MACD turned negative and displayed bearish divergence during the late-night selloff, while RSI dropped below 30 into oversold territory. This suggests a possible pause in the decline, but not a definitive reversal.

Bollinger Bands

Volatility surged during the sell-off, with price falling to the lower Bollinger Band at $8.913. The bands are now expanding again as volume and price swings increase.

Volume & Turnover

Volume spiked during the breakdown at 19:45–20:15 ET, with a large $70,138.296-volume candle signaling strong bear pressure. Turnover confirmed the price action, with no divergence observed.

Fibonacci Retracements

The $9.547 level acted as a critical 61.8% retracement from the $10.201 high to the $8.913 low. A rebound from 38.2% (around $9.45) may offer short-term buyers an entry point.

Forward-Looking View

With price testing oversold RSI levels and forming a potential double-bottom, a short-term bounce toward $9.30–$9.40 is possible. However, buyers may struggle if the $9.547 level fails again. Investors should remain cautious for further volatility and watch for divergence or volume confirmation.