Summary
• Stacks/Tether (STXUSDT) formed a bearish engulfing pattern early in the session before rebounding within a tight range.
• Price found temporary support near 0.2473 and tested 0.2510 as resistance, with volume surging at key levels.
• MACD diverged slightly from price near the close, while RSI hovered in neutral territory.
Stacks/Tether (STXUSDT) opened at 0.2534 on 2025-12-17 at 12:00 ET, reaching a high of 0.2591 and a low of 0.2447 before closing at 0.2557 on 2025-12-18 at 12:00 ET. Total volume for the 24-hour window was 1,902,970.7, and notional turnover was $473,539.5 (calculated as sum of price × volume).
Structure & Formations
A bearish engulfing pattern formed at the 17:00–17:15 ET 5-minute window, indicating short-term bearish pressure. Later in the session, price tested the 0.2473 level and rebounded, forming a potential double-bottom structure. A doji appeared near the 0.2499 level, suggesting indecision.
Moving Averages
On the 5-minute chart, price hovered just above the 20-period MA but remained below the 50-period MA, signaling mixed momentum.
On the daily chart, the 50/100/200 SMA structure suggested a neutral to slightly bearish bias over the longer term.
MACD & RSI
MACD crossed into positive territory after the 15-minute candle at 14:15 ET, aligning with the rebound phase. However, RSI showed no signs of overbought levels, remaining within a 40–55 range, indicating moderate momentum without exhaustion.
Bollinger Bands
Volatility remained constrained for most of the session, with price staying within the Bollinger Bands. A narrow contraction occurred around the 0.2490–0.2500 range before expanding slightly in the late afternoon.
Volume & Turnover
Volume spiked at key turning points, particularly near the 18:45 ET 0.2502 close and the 14:45 ET 0.2530 low, confirming price action. Turnover generally aligned with volume, with no major divergences observed.
Fibonacci Retracements
The 61.8% retracement level of the 0.2447–0.2557 swing was located near 0.2516, and price showed hesitation near that area. A rebound from that level suggests a possible test of the 0.2532–0.2554 range in the next 24 hours.
Price appears to be consolidating after a volatile session, with potential support at 0.2500 and resistance near 0.2554. While the near-term bias leans slightly bullish on the rebound, traders should remain cautious of a retest of key support levels or a breakdown below 0.2490.
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