Market Overview: Tensor/Tether Faces Key Resistance and Volatility Spike on Christmas Eve

Summary
• TNSRUSDT broke above a key 5-minute resistance near $0.0814, closing the 24-hour period near $0.0816.
• RSI showed moderate momentum with no overbought signals, while volume surged in the mid-to-late session.
• Bollinger Bands widened during the afternoon, indicating rising volatility.
• A bullish engulfing pattern formed at $0.0811–0.0814, suggesting short-term buyers stepped in.
• Turnover diverged slightly from price in the early morning, signaling cautious positioning.

Tensor/Tether (TNSRUSDT) opened at $0.0800 on 2025-12-23 12:00 ET, reached a high of $0.0821, touched a low of $0.0787, and closed at $0.0816 on 2025-12-24 12:00 ET. Total 24-hour volume was 12,108,555.4, with a notional turnover of approximately $980,100.

Structure & Formations

Price action on the 5-minute chart revealed multiple key levels.

A bullish engulfing pattern formed around $0.0811–0.0814 in the evening, supporting a potential short-term reversal. Resistance appeared to consolidate near $0.0814–0.0817, with the 61.8% Fibonacci retracement level on the 24-hour move aligning closely with the 5-minute upper band. Support levels were noted at $0.0809–0.0810 and $0.0795–0.0797.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart converged, with price hovering just above the 50-period line in the final hours. On the daily timeframe, the 50-period MA remained above the 200-period MA, suggesting longer-term bullish bias. RSI remained neutral, peaking at 58, indicating moderate momentum without overbought conditions. MACD lines showed a positive crossover after 18:00 ET, supporting renewed buying pressure.

Volatility and Divergence

Bollinger Bands expanded significantly from 18:00 to 20:00 ET, signaling heightened volatility. Price spent time near the upper band during this period, particularly around the $0.0816–0.0817 range. Volume spiked in the late afternoon and early evening, with notional turnover confirming price strength. However, in the early morning, price fell while turnover rose slightly, suggesting early buyers may have been cautious.

Fibonacci and Retracement Levels

Fibonacci retracements from the key 5-minute swing (low $0.0795 to high $0.0817) showed critical levels at 38.2% ($0.0806) and 61.8% ($0.0811). Price found strong support at the 61.8% level before bouncing. On the daily timeframe, the 61.8% retracement of the broader trend also aligned with recent consolidation around $0.0810–0.0815.

With price consolidating near key Fibonacci and Bollinger Band levels, TNSRUSDT may test the $0.0817–0.0820 range in the next 24 hours. However, a break below $0.0809 could trigger a retest of the $0.0795–0.0797 support zone. Investors should remain cautious of potential volatility shifts as macro factors may influence the broader crypto market ahead of the Christmas holiday.